Jaguar Land Rover has gone public that it is restarting its operations this week post a cyber hack that crippled the brand’s production over a month ago, costing it an estimated 1.5b GBP in lost revenue. A key part of this announcement was the intention to finance its suppliers earlier than expected.
The iconic automotive marque will “return to the manufacture of its world-class vehicles” with the first phase being its Electric Propulsion Manufacturing Centre (EPMC) as well as its Battery Assembly Centre (BAC), both plants are based in the West Midlands, UK.
Earlier this week, its staff have also returned to the brands’ manufacturing facilities in Castle Bromwich, Halewood and Solihull, all in the UK. JLR’s plant in Nitra, Slovakia is also set to resume operations soon with the Range Rover production line in Solihull also following suit shortly after.
However, the key announcement for suppliers means that JLR will pay cash up front for qualifying suppliers during this restart phase. Throughout the blackout, the brand was settling outstanding invoices manually and will soon return to automated systems. More to follow.
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Words by Matthew D’Souza, media courtesy of Jaguar Land Rover Media.
