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Jaguar's profits dip
6 March 1987
NEW YORK TIMES
Jaguar P.L.C., the British luxury car maker, said today that its profits last year declined mainly because of the cost of redesigning its XJ-6 line of cars, which will be introduced in North America this month. Jaguar's 1986 pretax profits were $189.6 million, down slightly from $190.4 million in 1985. A company spokesman said the decline was mainly the result of the $17 million cost of developing the more fuel-efficient XJ-6 cars, Jaguar's first new models in more than a decade.
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