Published by Iain Gilbert on 28th September 2025
(Sharecast News) - Jaguar Land Rover has been rescued with a £1.5bn government-backed loan after it stopped manufacturing following a cyber attack. The cash injection will allow JLR to support its supply chain after firms warned of mass layoffs and collapse following the halt to production. Rachel Reeves, the Chancellor, said: "Jaguar Land Rover is an iconic British company which employs tens of thousands of people - a jewel in the crown of our economy. "Today we are protecting thousands of those jobs with up to £1.5bn in additional private finance, helping them support their supply chain and protect a vital part of the British car industry." - The Telegraph