Archive : Jaguar recapitalised

COMPANY NEWS; Jaguar Recapitalized

The Ford Motor Company has recapitalized Jaguar, its British luxury auto subsidiary, by investing $:300 million ($450 million), The Financial Times reported today. As a result of Jaguar’s continuing heavy losses, $:180 million of intercompany debt was transformed into equity to strengthen its balance sheet. Jaguar is likely to increase output to 29,000 cars this year from 22,500 last year, the newspaper said.

Keith Adams
Latest posts by Keith Adams (see all)

Be the first to comment

Add to the debate: leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.