Posted
3/27/2005 03:30:00 PM
by Douglas
Ford set to pump a crapload of money into
Jaguar. Ford Motor Co. is preparing a 500 million pound ($934.6 million) capital injection for the unit's struggling Jaguar division, The Sunday Times newspaper reported, citing a senior Jaguar source.
Earlier this month, Ford said it expected Jaguar, which has struggled to keep pace with larger rivals in the premium car sector, to report flat sales and a loss this year.
Maybe with almost a Billion dollars they can figure out how to get 'em to stop leaking oil.