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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Jaguar Land Rover experiences cyber incident

(Sharecast News) - British multinational automobile manufacturer Jaguar Land Rover said on Tuesday that it has been impacted by a cyber incident, with staff at its Merseyside plant told not to report to work. Jaguar Land Rover said it had taken immediate action to mitigate the impact of the incident by proactively shutting down its systems.

"We are now working at pace to restart our global applications in a controlled manner," said JLR. "At this stage, there is no evidence any customer data has been stolen but our retail and production activities have been severely disrupted."

Emails sent to employees at JLR's Halewood site confirmed that shifts had been cancelled and that hours had been banked under its corridor agreement.

JLR parent company Tata also confirmed the incident in a filing to the Indian stock exchange, saying it had suffered an "IT security incidence".

As of 1335 BST, Tata shares were down 0.85% at INR 684.30 each.

Reporting by Iain Gilbert at Sharecast.com

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