JLR to restart some manufacturing operations on Wednesday; Ineos claims UK ‘sleepwalking into deindustrialisation’ – business live

<p>Jaguar Land Rover prepares to restart manufacturing and announce faster payment scheme for suppliers</p><p><strong>Adrian Mardell</strong>, chief executive officer of <strong>JLR, </strong>says the resumption of engine manufacturing tomorrow is a significant moment for the company:</p><p>This week marks an important moment for JLR and all our stakeholders as we now restart our manufacturing operations following the cyber incident.<br><br>
“From tomorrow, we will welcome back our colleagues at our engine production plant in Wolverhampton, shortly followed by our colleagues making our world‑class cars at Nitra and Solihull.<br><br>
“Our suppliers are central to our success, and today we are launching a new financing arrangement that will enable us to pay our suppliers early, using the strength of our balance sheet to support their cashflows.<br><br>
“I would like to thank everyone connected to JLR for their commitment, hard work and endeavour in recent weeks to bring us to this moment. We know there is much more to do but our recovery is firmly underway.”</p><p>Working with a banking partner, this short‑term financing scheme means qualifying JLR suppliers will receive a majority prepayment shortly after the point of order and a final true‑up payment on receipt of invoice. JLR’s typical supplier payment terms are 60‑days post invoice, so this scheme accelerates payments by as much as 120 days. JLR will reimburse the financing costs for those JLR suppliers who use the scheme during the restart phase, as the company returns to full production.</p><p>This move follows steps taken by JLR during September to prudently bolster its liquidity, following the interruption to business since the cyber incident.</p> <a href="https://www.theguardian.com/business/live/2025/oct/07/uk-house-price-growth-slowest-april-2024-trump-truck-imports-25-tariff-1-