Driving the news: Jaguar Land Rover is relaunching production at some West Midlands and Merseyside plants on Wednesday after a cyber-attack shut down manufacturing for over six weeks, according to the company.
The details: The phased restart targets critical facilities first, with full production still likely weeks away.
The company launched a fast-track payment program for direct suppliers, accelerating cash flow by up to 120 days using commercial bank credit.
JLR reported wholesale sales down 24.2% and retail sales down 17.1% for Q3, partly due to the shutdown.
What they’re saying: We know there is much more to do but our recovery is firmly under way,” stated JLR CEO Adrian Mardell.
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