British car manufacturer Jaguar Land Rover reported being out of £680 million ($896 million) over the three months ending September, driven significantly by the direct impact of a cyberattack that stopped all of its vehicle production on top of the costs of responding to that attack.
The company, which announced on Friday that manufacturing had now returned to normal levels, told investors it had lost £485 million ($639 million) over the period — a hit effectively driven by the production halt — down from a £398 million ($424 million) profit recorded in the same period the year prior.
On top of that loss, the company said it also suffered cyber-related exceptional costs of £196 million ($258 million) — the additional expenditure of responding to the attack itself, not just the impact on operations — alongside additional losses due to a cost-saving redundancy scheme planned back in June.
Adrian Mardell, JLR’s outgoing chief executive — who had announced his plans to step down before the cyberattack — blamed the company’s performance on “significant challenges, including a cyber incident that stopped our vehicle production in September and the impact of US tariffs.”
Mardell said JLR’s response “prioritised client, retailer and supplier systems” and added the “speed of recovery is testament to the resilience and hard work of our colleagues.”
“I am extremely grateful to all our people who have shown enormous commitment during this difficult time, and I want to thank our clients, retailers, suppliers and everyone in the communities connected with JLR, for their support through this disruption,” added Mardell.
The impact on JLR, one of the British economy’s largest manufacturers, extended to a large number of other companies in its supply chain. One senior British politician called it “a cyber shockwave ripping through our industrial heartlands,” with potentially thousands of jobs put at risk. The British government ultimately intervened to secure a loan JLR said would be used to help support those suppliers.
A monitoring group estimated the shutdown would cost the British economy £1.9 billion ($2.5 billion) in total, with impacts felt across more than 5,000 other organizations from JLR’s own multi-tier manufacturing supply chain through to downstream entities such as dealerships.
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Alexander Martin
is the UK Editor for Recorded Future News. He was previously a technology reporter for Sky News and is also a fellow at the European Cyber Conflict Research Initiative.
