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Jaguar and Land Rover plunge to '200m loss
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| Ford's three upmarket UK brands - Jaguar, Land Rover and Aston Martin - have racked up losses of more than £200m, sending the US carmaker's European operations crashing into deficit. |
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| Updated |
Jul 21, 2004 04:07:05 |
| Rating |
 107 ( 44 +41.12% ) | | Author | Independent |
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| Similar news: | - Jaguar on the prowl as UK sales soar - JAGUAR is celebrating a 30 per cent increase in sales in Britain in June and a 40 per cent rise in the first half of the year across Europe. The company, which is owned by US car giant Ford, said it sold a record number of cars in the first half of this .
- Ford, citing losses, plans to cut Jaguar production - Ford Motor said Thursday that it planned to cut Jaguar car production this year to trim losses at its European luxury-vehicle unit, which also makes Land Rover, Aston Martin and Volvo models.
- Land Rover Sees Sales Up 15 Pct in '05 - Ford Motor Co.'s luxury brand Land Roverexpects to boost unit sales around 15 percent this year andturn a profit, while its Jaguar brand sees flat sales and aloss, a senior executive told Reuters on Wednesday.
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