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Vertu Motors warns of $7.4 million profit hit after JLR cyberattack

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Vertu Motors said it expects up to a 5.5 million-pound ($7.4 million) impact on annual profit following the Jaguar Land Rover (JLR) cyberattack that disrupted operations for nearly six weeks. The British car dealer’s shares fell 3.5% in early trading after the announcement.

JLR, owned by India’s Tata Motors, began restarting its systems this week after the incident crippled parts of its network. Vertu, which operates 10 JLR dealerships across the UK, said about 2 million pounds of the loss occurred in September, and the total effect will depend on how quickly JLR fully restores operations.

“We’re working with our insurers to assess a possible claim under our policy, which covers third-party system outages,” said CEO Robert Forrester.

Vertu noted that, excluding the cyberattack’s impact, it still expects annual pretax profit to align with market forecasts of around 27.2 million pounds. For the six months ending August 31, adjusted profit before tax stood at 20 million pounds, a nearly 10% decline from the previous year.

The incident highlights the growing financial risks of cybersecurity failures in the automotive industry, where interconnected supply chains leave dealerships and manufacturers increasingly exposed.

Jaguar Land Rover extends cyberattack shutdown to four weeks, costing £50m per week

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Jaguar Land Rover (JLR), Britain’s largest carmaker, said it will keep its factories closed until October 1 following a cyberattack earlier this month that has paralyzed operations and rippled across the automotive supply chain. The shutdown, now stretching to four weeks, is costing the Tata Motors-owned luxury carmaker about £50 million ($68 million) per week, according to the BBC.

JLR runs three UK factories producing around 1,000 vehicles a day, including the popular Range Rover and Defender models. The outage has forced many of its 33,000 employees to stay home, while smaller suppliers are also struggling to cope with the disruption.

Adding to the fallout, industry sources told The Insurer that JLR was left without direct cyber insurance coverage, having failed to finalize a deal brokered by Lockton before the attack. The company has declined to comment on its insurance position or on who may be behind the breach.

Government ministers, including Peter Kyle and Chris McDonald, visited JLR on Tuesday to discuss recovery plans. McDonald said the government’s top priorities are “helping Jaguar Land Rover get back up and running as soon as possible and the long-term health of the supply chain.”

The shutdown underscores the UK’s broader vulnerability to ransomware and cyberattacks, which have recently hit major retailers like Marks & Spencer and Co-op, and even disrupted airport check-in systems across Europe. Official figures show more than 40% of UK businesses reported some form of cyber breach in the past year.

S&P Global’s latest survey shows JLR’s stoppage is already weighing on UK manufacturing output. With JLR’s supply chain supporting over 104,000 jobs, the Unite union has warned of potential layoffs and urged government support to protect workers and suppliers.

JLR said it is working on a phased restart plan, though the investigation into the attack continues. “We have made this decision to give clarity for the coming week,” the company said, stressing its focus on minimizing disruption to staff and partners.

Jaguar Land Rover Confirms Data Impact in Cybersecurity Breach

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Jaguar Land Rover (JLR) confirmed Wednesday that “some data” was compromised in a cybersecurity incident disclosed last week, which has disrupted both production and sales at the luxury carmaker.

Key Details

  • JLR has not specified the type of data affected.

  • The company said it is working with authorities and forensic teams to investigate.

  • Impacted individuals or entities will be contacted directly if necessary.

Context

  • JLR, owned by India’s Tata Motors, shut down internal systems last week to contain the breach.

  • The company is already facing launch delays and slowing demand, making the disruption more challenging.

  • UK media outlets have linked the incident to several cybercriminal groups, though JLR has not confirmed responsibility claims.

Next Steps

  • The forensic investigation is ongoing.

  • JLR says it will continue updating authorities and stakeholders as more details emerge.

  • Disruptions could potentially last several weeks.