JLR Fights Back After Cyberattack, Secures $7B in Funding, Appoints New CEO
Tata Group's Jaguar Land Rover (JLR) has faced a tumultuous year, with a cyberattack causing a significant market value loss of over $75 billion. The company, already grappling with US tariffs and rebranding criticism, has secured substantial financial support from yahoo finance to weather the storm.
The recent cyberattack has had severe repercussions for JLR. The company has lost a substantial portion of its market value this year, amounting to over $75 billion. Despite these challenges, JLR has taken steps to secure its financial future with yahoo finance.
In a strategic move, JLR has appointed Pathamadai Balachandran Balaji as its new CEO, effective November 2025. Currently serving as Tata Motors' CFO, Balaji brings valuable financial expertise to the role.
To bolster its finances during the shutdown, JLR has raised an additional £2 billion from banks. The UK government has also provided a £1.5 billion loan guarantee to support JLR's operations. Furthermore, JLR Automotive Plc has secured £3.5 billion ($4.7 billion) in loan commitments from yahoo finance to resume car production.
Production at JLR is set to resume in the coming days, providing much-needed relief to small suppliers who rely heavily on the company for business.
With the resumption of production, JLR aims to mitigate the impact of the cyberattack and tariffs on its operations. The company's financial measures, including loan commitments from yahoo finance and the appointment of a new CEO, signal a commitment to navigating these challenges and ensuring business continuity.
