Jaguar Cars, Ford’s UK luxury cars subsidiary, has received a capital injection of £1.2bn ($2.1bn) in the past few days to cover continuing heavy losses and a write-down of investments after it abandoned an ambitious growth strategy.

The injection, in the form of a sale of preferred shares to its US parent, coincides with filings this week at the UK’s Companies House showing Jaguar made a pre-tax loss of £429.3m in 2004.