Ford ready to pump 500 mln stg into Jaguar-report

Newswire

LONDON, March 26 (Reuters) - Ford Motor Co. is preparing a 500 million pound ($934.6 million) capital injection for the unit's struggling Jaguar division, The Sunday Times newspaper reported, citing a senior Jaguar source. Earlier this month, Ford said it expected Jaguar, which has struggled to keep pace with larger rivals in the premium car sector, to report flat sales and a loss this year. Jaguar has said it plans to end assembly operations at a plant in Britain and cut 1,150 workers, ...

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