Ford to Cut Jaguar Car Production by 15,000 Units
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Ford Motor Co., the world&#39;s second- biggest carmaker, plans to cut production of Jaguar cars by 15,000 units this year to trim losses at its European luxury-vehicle unit.
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Hard-pressed luxury marque Jaguar says it will cut about 1,150 jobs at its main plant in Coventry in a bid to return to profits, in another blow to Britain&#39;s fading glory as a carmaking centre.
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By Christopher Hope Business Correspondent (Filed: 28/08/2004). A question mark is hanging over the future of Jaguar&#39;s three British plants, which employ 7,500 staff, after its owner Ford said it was cutting
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Jaguar and parent company Ford are pulling out of Formula One racing at the end of this season after just two top-three finishes since joining the circuit in 2000.
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Luxury car maker Jaguar yesterday said it was cutting more than 1,100 jobs at its Brown&#39;s Lane plant in Coventry, ending 50 years of assembly at the site.
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As had been predicted, Ford has announced that car production is to cease at Jaguar&#39;s Browns Lane plant in Coventry , England .
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, the Financial Times reports.
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Luxury carmaker Jaguar said today it is stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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Production of Jaguar cars is to end at one of its main UK factories, with the loss of 1,150 jobs. About 750 white collar workers and 400 production staff will lose their jobs at the Browns Lane site in Coventry
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The Ford-owned carmaker is to cut production at its three UK plants by 11% because of poor sales in the US.
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London, England (Sports Network) - Jaguar Racing made the announcement on Friday that it would no longer be competing in the series at the end of the 2004 season.
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General Motors Corp. (GM.N: Quote, Profile, Research) and Ford Motor Co. (FN: Quote, Profile, Research) on said on Wednesday they will cut production more than expected
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Luxury carmaker Jaguar said Friday it was stopping assembly work at its headquarters and cutting 1,150 jobs as a result of overproduction and poor sales in the key U.S. market.
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US automaker Ford says it is pulling its Jaguar Formula One team out of the auto racing circuit at the end of this season. Jaguar&#39;s chairman said the company does not believe it makes business sense to continue operating in Formula One.
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Production of Jaguar cars in Coventry is to end after more than half a century but will remain in Britain for the time being, the company said yesterday.
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Ford Motor Co. announced Friday plans to cut about 1,150 jobs in England to streamline its Jaguar unit, where weak sales have failed to offset spending on new products and other parts of the business.
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LONDON (CBS.MW) -- Ford Motor Co. (F) said it has agreed to sell its Formula One businesses for an undisclosed price, as part of its plans to boost its Jaguar Cars units.