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Actually good news
Posted by C (more from C) on Sat, 25 Sep 2004 22:49:54
In Reply to: Sad day for Jaguar, Rollmo, Mon, 20 Sep 2004 17:39:42
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1. Jag has three factories and only needs two -- the cost of running a third and unceccessary factory was the key driver of the company's losses over the past few years. Jag has been trying to reduce to two factories for a few years, but the unions wouldn't go along until now
2. It only makes sense to compete in F1 if you intend to win. Jag only invested $250mm annually -- sounds like a lot, but Ferrari spends nearly double (the results speak for themselves). That $250mm is better spent developing new product and improving sub-standard cars like X-Type
Overall, good news for Jag in terms of securing its future...
posted by 67.85.172...
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