Jaguar’s profit fell 32% to $73.1 million...
Jaguar’s profit fell 32% to $73.1 million (45.7 million pounds sterling) for the first six months from the year-ago period. The London-based luxury car maker blamed the lower earnings on high costs from the launch of its XJ6 model, which cost the company $24 million more than estimated. The XJ6 accounts for 80% of Jaguar production. Worldwide sales during the six months were up 10% to $750.4 million.