LONDON (Reuters) -Jaguar Land Rover said on Friday its manufacturing operations had returned to normal after a cyberattack forced a six-week halt at its UK plants, disrupting supply chains and costing the carmaker hundreds of millions of pounds. The British luxury carmaker, owned by India’s Tata Motors, resumed production in October after a phased restart, […]
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Jaguar Land Rover’s UK production returns to normal after weeks-long cyber shutdown
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LONDON (Reuters) -Jaguar Land Rover said on Friday its manufacturing operations had returned to normal after a cyberattack forced a six-week halt at its UK plants, disrupting supply chains and costing the carmaker hundreds of millions of pounds.
The British luxury carmaker, owned by India’s Tata Motors, resumed production in October after a phased restart, following the shutdown of systems in early September to contain the incident.
Below are the key facts about the incident and its impacts:
* Britain’s economy barely expanded in the third quarter,held back in part by the cyberattack at JLR * JLR has three factories in Britain, which together produceabout 1,000 cars per day * No evidence of customer data theft; some internal dataaffected * JLR reports Q2 cyberattack-related costs of 196 millionpounds ($263.05 million) * Disruption hit JLR’s sales in Q2, with wholesales down 24%year-on-year and retail sales falling 17% * The company introduced supplier financing measures to easecashflow pressures during the stoppage
($1 = 0.7451 pounds)
(Reporting by Sam Tabahriti; Editing by Kate Holton and Susan Fenton)