"In a statement on its website, the company said it has informed colleagues, suppliers, and partners that the halt in production will extend into its third week. "We have taken this decision as our forensic investigation of the cyber incident continues, and as we consider the different stages of the controlled restart of our global operations, which will take time," the company wrote."
"Laura Savvas, a spokesperson for Jaguar Land Rover, which is owned by Indian giant Tata Motors, declined to provide more updates when reached by TechCrunch. The BBC reported that the IT and manufacturing shutdown is estimated to cost the company at least £50 million (roughly $68 million) each week in lost production, as the company cannot produce the usual 1,000 cars a week, but estimates vary. Suppliers for Jaguar Land Rover are concerned they won't be able to manage such a long shutdown, and fear bankruptcy, according to the BBC."
Jaguar Land Rover will not resume vehicle manufacturing until at least September 24 following a cyberattack. Production halt extends into a third week while forensic investigation and planning for a controlled global restart continue. The company informed colleagues, suppliers, and partners of the extended shutdown. A spokesperson declined to provide further updates. Estimates of weekly lost production costs vary: the BBC put the figure at about £50 million (roughly $68 million) due to inability to build roughly 1,000 cars weekly, while other outlets estimated about £72 million. Suppliers expressed concern they may be unable to survive a prolonged shutdown and fear bankruptcy.
Read at TechCrunch
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