Ford £6.5 billion in the red

• Biggest loss in company's history reported
• Jaguar not for sale but badly losing money
• Restructuring in US accounts of most of the loss

Latest News

• Lexus IS coupe planned for 2014
• 2013 Renault Megane RS RB8 revealed
• 2013 Ford C-Max 1.0 Ecoboost 100 review
• Our cars: Peugeot 208 video update

Ford finished £6.48 billion in the red in 2006 - the worst year in the company's history.

Although Ford of Europe continued to make a profit, up from £201 million in 2005 to £251 million last year, huge restructuring in the US plunged the company into the massive deficit.

The Premier Automotive Group (PAG) within Ford includes Aston , Jaguar Land Rover and Volvo, and this also made a loss of £166 million.

Jaguar is to blame for much of the PAG's deficit, a reported loss of £365 million, wiping out profits made by Aston .

While Ford is seeking a buyer for Aston , new Ford boss Alan Mulally said at the Detroit Motor Show that Jaguar was not for sale. It is not predicted to turn a profit for several years.