For(d) Sale: Land Rover & Jaguar

A pair of existence ago we learned concerning the clandestine talks recognized by Ford and Fiat for the likely sale of Jaguar and Land Rover so as to now attract off following more supposed a few months of negotiations. While Ford denied commenting on the talks, the US automaker did long-established new reports so as to contain person's name dispersal similar to a wildfire on the similar to so as to it’s TV,box the sale of its Jaguar and Land Rover brands. Yesterday (Tuesday June 12, 2007) Ford’s spokesperson, John Gardiner, told the Free Press so as to the US carmaker has person's name reviewing the operations of together British lavishness brands for a year. “Ford Motor Co. has person's name assessing a figure of strategic options for all of our operations. That appraisal is ongoing and Ford is actively investigating its options. We’re not ruling no substance which in or no substance which out and we are operational by means of our monetary advisers to decide the the majority excellent prospect for Jaguar and Land Rover.”

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Bloomberg in the center of route is reporting so as to Ford has left one-step additional by hiring Goldman Sachs Group Inc. and Morgan Stanley to position the sale of European-based Jaguar, Land Rover and Volvo lavishness brands. Practically we’re talking concerning the end of Ford’s PAG (Premium Automotive Group) so as to in progress by means of the sale of Aston Martin rear in March to a British-led collection of investors for the equal of concerning $924 million. Funny obsession is so as to by means of the exclusion of Jaguar that’s person's name economically bleeding Ford for the history 17 years, Volvo, Land Rover and Aston Martin are all profitable. But who’d buy Jaguar by itself?

Via: Freep & Bloomberg

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