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NextImg:Jaguar Land Rover provides major update on production shutdown after Labour pledged £1.5bn loan

Jaguar Land Rover has provided its latest update following Labour's £1.5billion loan announced over the weekend in response to the devastating cyber attack.

Labour backed the embattled automaker with a £1.5billion loan guarantee after Jaguar Land Rover was forced to shut its factories and suspend production.

The loan, which is backed by the Export Development Guarantee (EDG) provided by export credit agency UK Export Finance, will be repaid over five years.

Labour said it was doing so to support JLR and its manufacturing supply chain, much of which has been devastated following the cyber attack at the end of August.

In its first update since the announcement of the loan from the Government, JLR has confirmed that its phased restart will continue over the coming days.

JLR said it was taking "further steps" towards its recovery and the return to manufacturing its luxury vehicles again.

A spokesperson added: "Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days.

"We continue to work around the clock alongside cybersecurity specialists, the UK Government's NCSC and law enforcement to ensure our restart is done in a safe and secure manner."

Production at Jaguar Land Rover and a JLR sign

Jaguar Land Rover has announced a phased restart of its operations

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REUTERS/JLR

The spokesperson extended the brand's thanks to its supply chain for their "continued patience, understanding and support".

It also acknowledged that there was more to do before production returns to normal, but the foundation work of the recovery is "firmly underway".

The cyber attack is believed to have cost the manufacturer tens or potentially even hundreds of pounds in lost revenue.

Jaguar Land Rover has only recently been able to register new car sales, as the IT system shutdown meant the manufacturer was unable to sell vehicles for more than three weeks.

Jaguar Land Rover's Halewood Plant

JLR previously announced that the production shutdown was extended until October 1

| PA

Business and Trade Secretary Peter Kyle said the Government wanted to provide the manufacturer with certainty after the cyber attack, describing it as an "assault on an iconic British brand".

Mr Kyle and Industry Minister Chris McDonald visited JLR's headquarters in Gaydon last week to meet with CEO Adrian Mardell and other senior officials.

They also toured the Sutton Coldfield factory of Webasto, which manufactures roofs for JLR, to assess how the brand had coped in the aftermath of the hack.

Jaguar Land Rover is one of the UK's largest exporters, in addition to employing 34,000 at its Coventry and Solihull sites in the West Midlands and its Halewood facility in Merseyside.

Jaguar Land RoverJaguar Land Rover has been working with cybersecurity experts since the cyber attack | PA

An English-speaking hacking collective has claimed responsibility for the cyber attack, with the group posting screenshots on social media of images that appear to show sensitive information.

JLR previously confirmed that it believed some data may have been compromised in the cyber attack, noting that it was working alongside the National Cyber Security Centre and law enforcement.