The Guardian

Jaguar Land Rover suppliers asked to put up homes as loan security after hack


Lobby group says urgent government intervention required as small suppliers on brink of collapse during shutdown

Small suppliers to Jaguar Land Rover have been asked to put up their family homes as personal guarantees in order to access emergency loans, with no direct UK government support on offer for parts makers a month after the carmaker was hit by a crippling cyber-attack.

JLR, Britain’s biggest automotive employer, is considering making advance payments to top-tier suppliers as it tries to restart production after the hack, but smaller parts makers warn they are on the brink of collapse without urgent cash injections.

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Source link : https://www.theguardian.com/business/2025/oct/01/jaguar-land-rover-suppliers-asked-to-put-up-homes-as-loan-security-after-hack

Author : Jasper Jolly

Publish date : 2025-10-01 16:45:00

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Tags : The Guardian