Ford Buys Jaguar Shares: Ford Motor Co....

Ford Buys Jaguar Shares: Ford Motor Co. said it snapped up millions of bargain-value shares in Britain’s luxury car firm Jaguar as stock prices tumbled worldwide. Ford, which is vying for the prestigious Jaguar name with rival General Motors, said it had doubled its share holding to 10.4%. Ford said it had bought or agreed to buy 19.04 million Jaguar shares by the end of trading Monday. Ford, the world’s No. 2 car maker, has said it aims to boost its stake in Jaguar to 15%, the maximum allowed by Britain’s Conservative government when it privatized the firm in 1984.