Ford to close Jaguar plant

Ford Motors raised its third-quarter earnings forecast and said it would end unprofitable Jaguar car production at a plant in Coventry, England, and pull out of Formula One racing.

Ford to close Jaguar plant
Sat, 18 Sep, 2004 - 01:00

Third-quarter earnings will be 10 US cents to 15 US cents a share, excluding items, up from the previous forecast of break-even to 5 cents, Ford said.

The Jaguar and Formula One cuts will result in a pre-tax charge of €370m.

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