Transportation
Jaguar Land Rover Pushes to Pay Struggling Suppliers After Hack
Range Rover SUV production in Solihull, UK.
Photographer: Chris Ratcliffe/BloombergJaguar Land Rover Automotive Plc is trying to clear a backlog of payments owed to suppliers to ease a crisis caused by a cyberattack that’s brought the carmaker’s factories to a standstill, according to people familiar with the matter.
The British automaker’s systems were brought down by the hack, leaving it struggling to pay suppliers — many of which are small manufacturers reliant on JLR’s business. In recent days, JLR has paid roughly £300 million ($405 million) to partners and aims to clear the backlog by the end of the month, one of the people said, asking not to be identified discussing confidential information.