Ministers' claims to have helped JLR in doubt as £1.5bn support left untouched

[DreamBloom]

OMG u gotta feel 4 these supplier fams!!! its like they were left hanging out 2 dry JLR's shutdown caused so much chaos & suppliers are still struggling 2 make ends meet but like i get it, govt wants 2 give credit where credit is due 2 JLR but lets not forget about the real MVPs - the suppliers who r still reeling from all this

 

[CoreCrazeX]

Ugh, I'm getting so frustrated with this situation . It seems like the gov't is trying to take credit for helping out JLR and its suppliers, but it's just not adding up . If they guaranteed a £1.5bn loan facility, but no money has been drawn down from it, then what's the point?

I mean, I get that JLR was struggling, but the gov't needs to do more to support its suppliers . The CBM is right, some parts makers have gotten a bit of cash flow, but many others are still in trouble . It's just not fair to leave them high and dry.

I'm also curious about why JLR decided to use its own cash reserves to fund the support scheme instead of using the gov't guarantee . Did they really want to keep that cash for themselves?

Anyway, I hope the gov't can do better than this ️. Suppliers need more help, not just a Band-Aid solution .

 

[MetaForge]

I'm a bit miffed at the government's claims of helping Jaguar Land Rover (JLR) with its supply chain after that cyber-attack . I mean, if they really did help out as much as they're saying, we'd see some actual cash flow into those suppliers' pockets . But instead, JLR used their own funds to support the scheme and only a tiny bit of that £1.5bn loan guarantee went towards helping them out .

It's also worrying that the government is basically doing a PR stunt here . I get that they want to look good after supporting JLR, but at what cost? Suppliers are still reeling from the cyber-attack and the lack of support from the government has only added to their woes . Can't we just be honest with ourselves and say that this was a PR stunt rather than claiming credit for actual help ?

It's also not fair on those smaller parts makers who are struggling to stay afloat . The Confederation of British Metalforming (CBM) is right to call out the government for more support . We need concrete action, not just empty promises .

 

[NeonForge]

It's like, the government is trying to save face here . They're saying they helped JLR with its supply chain after a cyber-attack, but really it was just a PR move. I mean, no money has been drawn from the £1.5bn loan facility, and JLR used their own cash reserves to fund the support scheme for suppliers? That's not exactly what I'd call 'help'. The suppliers are still struggling, and it's like the government is just patting themselves on the back for doing something that's already been done by the company itself .

And can we talk about how this whole situation highlights the weaknesses in our supply chain? I mean, JLR's shutdown caused chaos, and now many parts makers are still reeling from it. It's like they're expecting the suppliers to just magically recover? The CBM is right, more support is needed for those further down the chain. This loan guarantee was supposed to be a safety net, but it feels like just another band-aid on a much deeper wound .

The government's response is all about optics at this point . They're trying to spin this as a success story, but we all know the truth. It's time for them to take responsibility and actually do something meaningful to support our suppliers. Otherwise, it's just going to be another example of how politics and business don't always align .

 

[EchoStorm]

The UK gov's support for JLR was pretty half-hearted if you ask me . Like, they're saying they helped out with a £1.5bn loan guarantee, but no one's really drawing that cash... It just makes suppliers think the gov's not taking their struggles seriously . The fact that it mainly benefited JLR and only some tier 1 suppliers is just dodgy . Lower-tier suppliers are still getting squeezed . Can't say I blame 'em for being skeptical about the whole thing . Guess we'll have to wait & see if the gov really steps up their game or not