F&I Management & Training

Core operations in the UK halved pre-tax losses at Jaguar last year to £258m from £535m in 2005, reflecting slightly improved conditions at the struggling luxury carmaker that its parent Ford Motor hopes to sell. However, even accounting for a nearly £100m profit at Land Rover - Ford's other UK premium car brand that is up for sale - the two businesses lost £159m before tax last year, down from a £425m pre-tax loss in 2005. Ford cautioned that the financial statements covered the UK only and did not reflect 'the entirety of the Jaguar and Land Rover business'.

DATED: 31.08.07

FEED: AW