For those of you thinking that Ford is going to get rid of struggling Jaguar after selling Aston Martin, Ford CEO Alan Mulally has spoken. Analysts have been saying that Ford may focus on selling Jaguar when it got rid of Aston Martin after its $12.5 billion loss in 2006. But on the launch of the 2007 New York Auto Show, Mulally told reporters,that “Jaguar is on a really good plan.”
“We’re 100 percent behind them,” asserted Mulally, responding to a reporter’s question, “and that’s why we’re investing in them.”
Jaguar has been in trouble for some time now, so much so, Ford is helping Jaguar dealerships stay in business until the arrival of its much anticipated, Jaguar XF in April 2008.
Source: TheCarConnection (via AutoBlog)