Jaguar Land Rover’s £196M Cyberattack Fiasco: When Car Production Hits the Brakes
Jaguar Land Rover reports a £196 million cyberattack cost, halting production and sending profits into a nosedive reminiscent of a bungee jump without the bounce back. The British carmaker faced weeks of chaos, but with a £1.5 billion government rescue, JLR is back on track and promising smoother rides ahead.
Hot Take:
Oh, the irony of a car company getting “totaled” by a cyberattack! Jaguar Land Rover’s recent financial results have taken a hit akin to a fender bender, thanks to some digital hooligans. Who knew the true test of a car’s safety wasn’t on the road but in cyberspace? Maybe they should have installed a firewall instead of an airbag.
Key Points:
- Jaguar Land Rover’s Q3 financial results show a £196 million hit due to a cyberattack.
- The September 2, 2025, cyberattack disrupted production and sales, impacting profits.
- The UK Government provided a £1.5 billion loan guarantee to support JLR.
- The cyberattack was linked to the Scattered Lapsus$ Hunters cybercrime group.
- Despite the challenges, JLR has stabilized operations without cutting investment spending.
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