Luxury car manufacturer Jaguar Land Rover announced Tuesday that it will not resume vehicle manufacturing operations until at least September 24. This extended shutdown is the result of a disruptive cyberattack that occurred earlier this month.
In a new statement, the company informed its colleagues, suppliers, and partners that the production halt will now extend into its third week. The company attributed this delay to the controlled restart of its global operations, a process it stated will take considerable time.
Laura Savvas, a spokesperson for Jaguar Land Rover, declined to provide further updates when contacted. The company is owned by Indian giant Tata Motors.
The ongoing IT and manufacturing shutdown is having a significant financial impact. The BBC reported that the incident is estimated to cost the company at least £50 million, roughly $68 million, each week in lost production. This is due to the company’s inability to produce its usual output of 1,000 cars per week, though estimates do vary. Another report from British daily The Telegraph placed the estimated losses even higher, at £72 million, or almost $100 million.
According to the BBC, suppliers for Jaguar Land Rover are growing concerned about the lengthy shutdown. Some fear they will be unable to manage the financial strain and could face bankruptcy.