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Comment: JLR screeches to a halt

Professor David Bailey from Birmingham Business School says government intervention might be needed the manufacturer is back at work soon

Car maker JLR has been battling against a cyber attack in recent days(Image: Richard Martin-Roberts/Getty Images)

"Severely disrupted" is the official JLR press-office line.

"Catastrophic" is another term used by one JLR insider to describe the impact of the cyber attack which has shut down all production at JLR across its global operations.

Plants in the º£½ÇÊÓÆµ, Slovakia, Brazil, India and China are all silent.

It comes at a bad time of course given President Trump's tariffs and concerns over the slow speed of electric vehicle (EV) take up which has just seen JLR postpone the launch of new EV models.

Profits will undoubtedly take a hit, but by how much? Well, the firm makes around 1,000 cars a day globally.

In recent years, the firm has shifted up market and the average selling price of a JLR car is now thought to be around £72,000. That equates to a daily revenue of some £72 million.

The firm's last financial report forecast margins of five to seven per cent this year so the hit to profit could run to £5 million a day. There is speculation that this will take weeks rather than days to fix.