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.
Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...
Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.