UK's Vertu Motors sees up to $7.4 million hit from JLR cyberattack


A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull, Britain, December 15, 2022. REUTERS/Phil Noble

(Reuters) -British car dealer Vertu Motors on Wednesday warned of a hit of up to 5.5 million pounds ($7.4 million) to annual profit from disruptions due to a cybersecurity incident at Jaguar Land Rover, sending its shares down 3.5% in early trading.

Luxury carmaker JLR, ownedby India's Tata Motors said on Tuesday that it was restarting some of its operations after it was forced into a near six-week shutdown following a major cybersecurity incident.

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