Fiat Considered buying Jaguar and Land Rover!

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Now we’ve performer not any all; if BMW’s alleged attention in Volvo raised an eyebrow or two come again? counting you say if we Fiat Group was deceased grave in trade Land Rover and Jaguar as of Ford Motor Company? Citing abridged recognizable by means of the matter, Automotive News is reporting so as to Ford's talks by means of Fiat in progress in February and broken in late May. They involved Fiat collection CEO Sergio Marchionne and Ford of Europe boss Lewis Booth, who too heads Premier Automotive Group. -Continued: Click “Read More…” below While neither corporation long-established the talks Ford spokesman John Gardiner told AN, "Ford Motor Company is ongoing to assess a figure of strategic options for all of its operations. We're not specifying come again? contain are and come again? we're evaluating." In additional words, you got the dough; we’ve got the determination to sell.

Wondering why the hell counting Fiat danger trade a sinking ship -aka, Jaguar, and the so and so Land Rover -especially as,because the Italian carmaker is now recovering? Well, as,at the same time as Fiat have to contain merely person's name interested in Land Rover, Ford gravely want’s to get rid of Jaguar as,because its person's name loosing $500 compensation to $1 counting a day as,because 2001, and the merely way to attain so as to is to sell Jaguar by means of the additional prosperous Land Rover. Back to Fiat, the Italians appear to contain required Land Rover mostly for two reasons: greater supposed before worldwide SUV/Crossover similar and Land Rover's U.S. dealership network so as to counting gravely assist Alfa Romeo’s US relaunch in 2009. "Land Rover is a make a lot of carmakers counting love to add to completely portfolios - chiefly Fiat group, whose five brands are motionless approximately nonexistent in the growing worldwide SUV market," a Turin basis supposed to AN.

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So come again? happened in the end and Fiat bailed out of the talks? According to AN sources, the Italian carmaker fundamentally discussions by means of Ford since of anxiety in excess of the possible adverse result of the acquisition on the Italian carmaker's credit rating.

Source: Automotive News

Technorati: Fiat, Jaguar, Ford, Land+Rover, Carscoop, cars, autos, vehicles

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