Tata Motors owned Jaguar Land Rover readies £500 million supplier loan

Jaguar Land Rover (JLR) is preparing a private loan of up to £500 million ($674 million) to support its suppliers following a cyberattack in early September that halted production at its global facilities, The Times reported. The loan is separate from a £1.5 billion state-backed guarantee announced last weekend, which has yet to be finalized.

from Auto-Industry-Economic Times https://ift.tt/wOAleGT