Ford expects PAG profit in 2007; Volvo's black ink must hide Jaguar's red ink.(News)

Automotive News Europe,  February, 2007  

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Byline: Mark Rechtin

After losing money for three years, Ford's Premier Automotive Group may make money in 2007.

"We expect PAG to be profitable this year," said Ford Chief Financial Officer Don Leclair.

It boils down to this: Can Volvo earn more than Jaguar will lose?

In 2006, PAG's luxury brands - Jaguar, Land Rover, Volvo and Aston Martin - collectively lost $327 million (about [euro]252 million) before taxes. That brought PAG's three-year losses to $1.15 billion. Ford of Europe made a $469 million profit last year.

Blame Jaguar for most of the loss. ...

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