Archive : Jaguar’s profits dip

6 March 1987 Keith Adams 0

NEW YORK TIMES

Jaguar P.L.C., the British luxury car maker, said today that its profits last year declined mainly because of the cost of redesigning its XJ-6 line of cars, which will be introduced in North America this month. Jaguar’s 1986 pretax profits were $189.6 million, down slightly from $190.4 million in 1985. A company spokesman said the decline was mainly the result of the $17 million cost of developing the more fuel-efficient XJ-6 cars, Jaguar’s first new models in more than a decade.

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Keith Adams

Editor and creator AROnline at AROnline

Created www.austin-rover.co.uk in 2001 and built it up to become the world's foremost reference source for all things BMC, Leyland and Rover Group, before renaming it AROnline in 2007.

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.