Advertisement
 
YOU ARE HERE: LAT HomeCollectionsJaguar Plc
IN THE NEWS

Jaguar Plc

FEATURED ARTICLES
BUSINESS
October 27, 1989 | From Associated Press
General Motors Corp. is seeking U.S. regulatory clearance to purchase up to 15% of Jaguar PLC, a GM spokesman said Thursday. Jaguar, which wants to remain independent and may face a takeover bid from Ford Motor Co., has been talking with GM about a cooperative agreement that would involve GM, the world's biggest auto maker, buying a minority stake in Jaguar. GM's application for regulatory clearance was made within the context of those talks, sources said.
ARTICLES BY DATE
BUSINESS
May 11, 1999 | From Associated Press
New Jaguar cars had the fewest defects and 1999 Kia cars the most, according to a private report to auto makers by J.D. Power & Associates. The company's annual Initial Quality Study is a widely followed measure of vehicle quality. J.D. Power publicly released limited data from the report on Wednesday, but not the full report. The Agoura-based company said it based the results on 41,004 owners of 1999-model vehicles. They were asked about problems found in the first 90 days of ownership.
Advertisement
BUSINESS
October 7, 1989 | From Associated Press
Ford Motor Co. has received U.S. regulatory clearance to buy up to 15% of Jaguar PLC, a spokesman for Ford's British unit said Friday. Ford received early clearance by the Federal Trade Commission, which must approve major share acquisitions under the Hart-Scott-Rodino Act, said the Ford U.K. spokesman, who was not identified, in accordance with British practice.
BUSINESS
February 3, 1992 | From Times Staff and Wire Reports
Jaguar Reportedly Expects Record Loss: The British luxury car maker, a Ford Motor Co. subsidiary, will post a loss of more than $357 million when it announces its 1991 results this month, the Sunday Times of London reported. Layoffs that would add to a "brain drain" from Britain also are a possibility. Jaguar is considering closing its main research and engineering bases in Britain and eliminating the jobs of about 2,000 engineers. Research and engineering would be moved to Germany.
BUSINESS
March 21, 1990 | From Reuters
The price of Ford Motor Co.'s $2.5-billion acquisition of Jaguar PLC was five times the British car maker's actual net asset value, Ford disclosed in its annual report. The annual report, which was sent out March 19, said Ford paid $2 billion more than what it said was the fair value of Jaguar's net assets, which it pegged at $500 million. At the time of the acquisition last December, some auto analysts said Ford was paying a significant premium for the British company.
BUSINESS
October 15, 1989 | DAN FISHER, TIMES STAFF WRITER
When Ford Motor Co. announced last month that it planned to buy a 15% share in Britain's Jaguar PLC, it sought meetings with government ministers, opposition political leaders and even trade union officials to explain its decision. It may seem like a lot of unnecessary public relations effort given the value of the deal, only about $300 million at best--spare change for a giant like Ford.
BUSINESS
March 21, 1990 | From Reuters
The price of Ford Motor Co.'s $2.5-billion acquisition of Jaguar PLC was five times the British car maker's actual net asset value, Ford disclosed in its annual report. The annual report, which was sent out March 19, said Ford paid $2 billion more than what it said was the fair value of Jaguar's net assets, which it pegged at $500 million. At the time of the acquisition last December, some auto analysts said Ford was paying a significant premium for the British company.
BUSINESS
December 15, 1989 | From Reuters
British luxury car maker Jaguar, shifting gears after its recent agreement to a takeover by Detroit's Ford Motor Co., announced plans Thursday to produce a new 200-m.p.h. sports model to compete with Ferrari and Porsche. The Jaguar XJ220 will cost $587,000 (366,850 pounds) and production will be limited to an initial 220 cars, or at most 350 if there is enough interest. But the car will not be available in the United States because it will meet only European specifications.
BUSINESS
December 1, 1989 | From Times Wire Services
Jaguar PLC, which is being acquired by Ford Motor Co. in a friendly $2.5-billion deal, said today its shareholders have approved lifting a restriction limiting holdings in the British luxury auto maker to just 15%. The shareholders approved waiving the restriction by more than 99%. The measure required approval of at least 75%. The approval was widely expected and clears the way for Ford to buy more Jaguar shares and gain control of its target. In response to the news, Jaguar rose 1.
BUSINESS
November 3, 1989 | JAMES RISEN, TIMES STAFF WRITER
Nissan, Japan's second-largest car company, spent $500 million over five years to develop its own European-style luxury sedan, the Infiniti Q-45, which goes on sale next week. Ford, America's second-largest car company, unwilling to commit to developing European-style luxury products of its own, spent $2.5 billion Thursday on Jaguar of Britain, which isn't likely to sell many more cars in the future than Infiniti.
Los Angeles Times Articles
|