Ford gives Jaguar new cash boost

Jaguar today said a £534m (€756m) cash injection had been agreed with owner Ford to cover the cost of abandoning its growth plans last year.

Tue, 04 Jan, 2005 - 14:21

Jaguar today said a £534m (€756m) cash injection had been agreed with owner Ford to cover the cost of abandoning its growth plans last year.

The UK car maker will receive the funds to cover the write-down on its investments, which contributed to it losing £601.1m (€852.1m) during 2003.

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CourtsBusinessHeathrowPlace: UKEvent: ChristmasOrganisation: FordOrganisation: JaguarOrganisation: Ford Motor
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