URGENT: Jaguar Land Rover Faces Uncertain Future as MP Warns of Need for Additional Government Support

Breaking News: Jaguar Land Rover Faces Uncertain Future A local MP has warned that additional government support may be needed for Jaguar Land Rover, after the car maker's production was suspended for nearly a month due to cyber-attacks. Liam Byrne, chair of the Commons Business and Trade Select Committee, said "could well be" that further intervention is required. Immediate Impact: The 1.5 billion loan package announced by the government may not be enough to save JLR's vast supply chain, with some suppliers at risk of collapse within a week. Byrne emphasized the need for swift action to prevent widespread disruption. Background Context: Jaguar Land Rover has been struggling with production issues since early March, when cyber-attacks forced the company to suspend operations. The government loan package was announced last week in an effort to support the car maker and its suppliers. Current Status: Byrne's comments suggest that the situation is more critical than initially thought. He warned that without additional support, JLR's supply chain could collapse, leading to significant economic disruption. Developing Story: This is a developing story, with further updates expected in the coming hours and days. The government and business leaders are set to meet to discuss next steps and potential additional support for JLR and its suppliers. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*