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Dec. 23, 2005 / 10:51 AM

Ford pumps another $2 billion into Jaguar

DETROIT, Dec. 23 (UPI) -- Financially ailing Ford Motor co. has put another $2 billion into Jaguar Cars, a loss-making British unit.

The fresh money, Ford's second such move in two years, covers big losses and investment write-downs at the luxury car unit, RTE news agency reported Friday. U.S. sales of the storied cars are falling.

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The latest investment comes just before Ford plans to announce U.S. factory closures and massive layoffs.

News of the Jaguar rescue package sent Ford shares down in late morning trading.

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Ford Motor

Austin visits Ukraine, voices U.S. support against Russian aggression

Defense News // 2 years ago

Austin visits Ukraine, voices U.S. support against Russian aggression

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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Defense News // 2 years ago

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