Sunday, March 27, 2005

Jaguar may need £500m bail-out

Jaguar is heading in some problems, Ford is giving Jaguar a 500 million pound pay out. Ford owns Jaguar as well as Land Rover, Volvo, and Aston Martin. The reason for them being in debt is because they are not selling as much as they have been, and they are not going to produce more car this year to try to get out of the hole. Also they are in a debt because they don't have factories in the United States, which would lower their costs. I hate that American car companies are buying out these European car companies because they lower the quality and craftmanship of these vehicles.

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