Jaguar Land Rover plunges to loss after heavy cyber attack costs

Jaguar Land Rover has plunged to a heavy loss after booking almost £200 million in costs linked to a major cyber attack which saw the firm shut its factories for more than a month.

The UK’s largest car manufacturer said it has “made strong progress” in recovering its operations at pace since the attack.

JLR stopped production across its UK factories for five weeks from September 1 after being targeted by hackers a day earlier.

All of the group’s manufacturing sites – including factories in Solihull, West Midlands, and Halewood, Merseyside – restarted operations last month.

However, it saw revenues plummet by more than £1 billion, around 24%, to £4.9 billion for the quarter to September.

It also swung to an underlying loss of £485 million over the quarter, sliding from a profit before tax and exceptional items of nearly £400 million over the same period in 2024.

In the update, it booked £196 million of extra costs linked to the cyber attack and £42 million related to voluntary redundancies.

The company said its performance was also impacted by US tariffs and a planned wind down in the production of previous Jaguar models.