Jaguar to Post Operating Loss in 2002

Ford Motor Co.’s Jaguar luxury car unit will post a full-year 2002 operating loss of about $500 million, Ford President and Chief Operating Officer Nick Scheele said.

Despite the loss at Jaguar, Scheele said Ford’s Premier Automotive Group, which also includes the Land Rover, Volvo and Aston Martin businesses, was on track to deliver strong revenue growth.