Jaguar Land Rover Reports Heavy Losses Following 2023 Cyberattack
Jaguar Land Rover (JLR) disclosed significant financial losses in its Q3 results, attributing much of the damage to a cyberattack late last year. Pre-tax losses reached £310 million for the quarter and £444 million year-to-date, with revenues declining 39% to £4.5 billion for Q3 and 24% to £16 billion for the year.
The automaker confirmed that production disruptions from the cyber incident, alongside the phased discontinuation of legacy Jaguar models, weaker demand in China, and U.S. tariffs on exports, contributed to the downturn. However, JLR stated that operations had returned to normal by mid-November, with CEO PB Balaji emphasizing the company’s focus on recovery and long-term transformation.
Despite ongoing market volatility, JLR expects a stronger Q4 performance and remains committed to its 2026 product pipeline, including the Range Rover Electric and the first new Jaguar model in years. The incident underscores the financial and operational risks cyber threats pose to major manufacturers.
JLR cybersecurity rating report: https://www.rankiteo.com/company/jaguar-land-rover_1
"id": "JAG1770374528",
"linkid": "jaguar-land-rover_1",
"type": "Cyber Attack",
"date": "11/2025",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"{'affected_entities': [{'industry': 'Automotive',
'name': 'Jaguar Land Rover (JLR)',
'size': 'Large',
'type': 'Automaker'}],
'date_resolved': '2023-11-15',
'description': 'Jaguar Land Rover (JLR) disclosed significant financial '
'losses in its Q3 results, attributing much of the damage to a '
'cyberattack late last year. The automaker confirmed '
'production disruptions from the cyber incident, alongside '
'other factors, contributed to the downturn. Operations '
'returned to normal by mid-November.',
'impact': {'financial_loss': '£310 million (Q3), £444 million (year-to-date)',
'operational_impact': 'Production disruptions',
'revenue_loss': '39% decline in Q3 revenue (£4.5 billion), 24% '
'decline year-to-date (£16 billion)',
'systems_affected': 'Production systems'},
'references': [{'source': 'JLR Q3 Financial Results'}],
'response': {'recovery_measures': 'Operations returned to normal by '
'mid-November'},
'title': 'Jaguar Land Rover Cyberattack and Financial Losses',
'type': 'Cyberattack'}