It’s not going well at Jaguar Land Rover (JLR). It is in the middle of a thorough overhaul of jaguar and has simultaneously suffered a huge cyber attack. To get back on top, jlr has tasks out a loan or almost € 2 billion. Thanks to the Government.
Jaguar Land Rover Recently Felt Compelled to Shut Down Production at Various Factories For A Long Time After Cyber Attacks. In factories in, Among Other Places, The United Kingdom, Brazil, India and Slovakia, Nothing Temporarily Left the Factory Gates. In order to continuous paying suppliers, JLR Needs Money. Converted, about € 1.7 Billion and that has to come from somewhere.
JLR Borrows that € 1.7 Billion from a bank. To reinforce things and to be able to close the loan, the British Government Indicates that it will guarantee it. JLR AIMS to Resume Production at Various Locations on 1 October, Althegh it will undoubtedly take a while before things are running at full speed again. JLR Will Repay the Borred Amount on A Period of Five Years. The Government Hopes to Prevent Job Losses by Supporting JLR.