Ford Pumps More Money Into Jaguar

Ford Motor Co. has injected an additional $2.1 billion into Jaguar Cars to cover heavy losses and investment write-downs at its British luxury car subsidiary, the company said Friday.

The move marks the second time in two years that the No. 2 U.S. carmaker has had to put more money into Jaguar, which has battled weak sales.

Ford is set to announce next month sweeping job cuts and plant closures in North America to address mounting losses in its car business there.