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Jaguar’s fiscal performance is on the upswing, but the member of Ford’s Premier Automotive Group will not be
profitable until 2007, at the earliest.
Mark Fields, the outgoing head of Ford Motor’s Europe division, soon to become president of Ford’s Americas division,
was reluctant to commit to a target for Jaguar’s return to profitability during an
interview at the Frankfurt auto
show.
The Premier Automotive Group, which also includes Volvo and Aston Martin, had a combined loss of $740 million in
2004.
New models, including the twin-turbo
diesel-powered XJ sedan (pictured) going on sale later this month, are expected to help Jaguar’s performance going
forward.