The Record reports:
Shares in a British automaker supplier plummeted 55% Wednesday as it warned that a cyberattack on Jaguar Land Rover (JLR) was impacting its business, adding to concerns that the incident is sending a “shockwave” through the country’s industrial sector, according to a senior politician.
Shares in Autins, a company providing specialist insulation components for Jaguar vehicles, opened 55% below its Tuesday closing price on the AIM exchange for smaller companies. As of publication the price recovered slightly to a 40% drop.
In a trading update the company acknowledged that JLR stopping all production since the cyberattack on September 1 was having a material effect on its own operations. Its chief executive, Andy Bloomer, told investors the attack was “concerning not just for Autins, but the wider automotive supply chain.”
Read more at The Record.
