DEVELOPING: Government Intervenes to Secure £1.5bn Jaguar Land Rover Loan Amid Cyber Crisis

Breaking News: Government Intervenes to Secure £1.5bn Jaguar Land Rover Loan Amid Cyber Crisis The UK government has announced it will guarantee a £1.5 billion loan to Jaguar Land Rover (JLR) as the company struggles to recover from a cyber-attack that has halted production for weeks. Business Secretary Peter Kyle said the loan, provided by a commercial bank, will protect jobs in the West Midlands and across the UK, where around 30,000 people are directly employed at JLR's plants. The shutdown has also affected about 100,000 workers in the supply chain. The government's intervention is aimed at supporting suppliers who could go bust due to the prolonged production halt. Some of these firms supply parts exclusively to JLR, while others sell components to other carmakers as well. JLR was targeted by hackers at the end of August, forcing the company to suspend production. The loan guarantee is believed to be the first time a company has received government help specifically due to a cyber-attack. The current status is that production remains suspended at JLR's UK facilities, with no clear timeline for resumption. The loan guarantee will provide some certainty for suppliers, but the full impact of the cyber-attack on the company and its supply chain remains uncertain. This is a developing story. We will continue to bring you updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*