fromLondon Business News | Londonlovesbusiness.com
4 days agoJLR to commence operations following 1.5 billion loan from Labour - London Business News | Londonlovesbusiness.com
Jaguar Land Rover has given an update after Labour has loaned £1.5 billion over the weekend following the cyber-attack. Labour offered JLR a guaranteed loan of £1.5 billion after the carmaker was forced to close their factories and suspended operations. JLR said on Monday they will recommence their operations in the coming days following the loan which is backed by the Export Development Guarantee (EDG) provided by export credit agency UK Export Finance.