Jaguar had plans to increase output to 200,000 cars a year but recent sales trends and money problems has detoured those levels back down to 120,000. Jaguar has finally come clean with their losses in 2003, 601.1 million pounds or 1.1 billion US dollars at current exchange rates (holy crap… can that be right?) and Jaguar looks to repeat the losses for 2004. Jaguar needs to be recapitalized and quick. Just how it's going to happen has not be determined. I guess the X-Type can officially called a bad idea?
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