PAG set to turn loss into modest profit.(News)(Premier Automotive Group)(Brief Article)

Automotive News Europe,  January, 2004  

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When Ford Motor Co. issues its 2003 results on January 22, Premier Automotive Group should show a modest profit.

PAG reported an operating profit of $56 million ([euro]44 million) in the first three quarters of 2003. That's much better than 2002, when Ford's luxury division posted an $897 million loss, largely because Jaguar had delays launching the XJ. PAG includes Aston Martin, Jaguar, Land Rover and Volvo.

PAG Chairman Mark Fields said: "Through the third quarter, Volvo has shown a strong profit, Land Rover is in the black, and though Jaguar is in a loss position, it ...

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