Jaguar Cars reportedly is in negotiations with parent Ford Motor Co. over a possible injection of cash, following the British car marker’s recent reporting of a $1.1 billion loss in 2003. The Financial Times says Jaguar is asking Ford to convert $918 million worth of debt the brand owes to other Ford divisions into equity. The reports come just a year after Ford pumped $487 million into Jaguar’s operations. The recapitalization also called for Jaguar to close its Coventry, U.K., plant, ...
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