After losing money for three years, Ford expects its Premier Automotive Group to get profit in 2007. "We expect PAG to be profitable this year," said Ford CFO Don Leclair.
In 2006, the four European luxury brands lost $327 million before taxes. That brought their three-year losses to $1.15 billion. Jaguar has lost $500 million to $1 billion a year since 2001. Jaguar executives concede the unit likely will lose money in 2007 and 2008 as well.
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