The UK government saves Jaguar Land Rover with a loan of 1.5 billion pounds after the penetration of vehicles for weeks

The UK government has confirmed that it will guarantee a 1.5 billion pounds commercial loan ($ 2 billion) for the Gaguar Land Rover giant after the company was forced to stop the production lines of auto production and the bankruptcy in the field of bankruptcy.

in statement On Sunday, UK ministers said that the government -backed loan “will enhance the cash reserves from JLR so that it can support the supply chain, which was greatly affected by the closure.”

JLR will have five years to pay the loan.

Companies all over the United Kingdom that provide spare parts and products to JLR, many of which are small companies, affected The company stops for weeks In vehicle production. The UK government said that there are approximately 120,000 people in the broader supply chain that depends on its functions and its work on the ongoing JLR operations.

BBC News reports that this believes that This is the first time The company received financial assistance from the UK government after an electronic attack.

JLR closed its network on August 31 after discovering the infiltrators in its system. Cross associated with a crime group with financial motivation linked For targeting earlier targeting The retail sector in the United Kingdom Take the credit for the breach. JLR later said that the infiltrators have Some of the company’s data stole its systemsWhile employees were asked to stay at home while rebuilding the company.

It is said that JLR has lost about 50 million pounds as a result of the closure. However, the company achieved about 2.5 billion pounds of pre -tax profits during the year 2024, indicating that the company will be able to overcome the financial storm.

The Magazine of the Faithful Industry Reports JLR had no insurance for cybersecurity, which may have covered some costs of recovery from the breach.

But some security experts have argued that the loan sends a signal Encouraging infiltrators And threatening actors to target organizations in the United Kingdom if they believe that the UK government will save companies that are suffering from a lack of cybersecurity.

JLR, owned by India -based Tata Motors, is facing criticism of its decision to use external sources of cybersecurity to ARM for technical support in Tata and Tata Consulting Services (or TCS), in the years before the electronic word.

It is also believed that TCS, which provides information technology assistance services such as the reputation of employee passwords for companies all over the world Marx and Spencer and CooperativeTwo of the best retail giants in the UK have also penetrated by the same piracy group in recent months, For each BBC.

in statement On Monday, JLR said it plans to resume the production of cars “in the coming days.” The car maker has already absent from many final dates to restore it.