Home  

Go Back   Car Forums > FORD

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 09-14-2007, 01:00 PM
news
Guest
 
Posts: n/a
Arrow 'Automaker needs money from Jaguar, Land Rover sale'

(live-PR.com) - DETROIT (AP) - Ford Motor Co. is trying to sell its Jaguar and Land Rover units to raise needed cash and it is too soon to say if it would keep a stake in either luxury vehicle unit, the head of Ford's European operations said Wednesday.

?«We're selling the business because we need the money and we need the focus,?» Lewis Booth, executive vice president of Ford's European units, said during a webcast from the Frankfurt auto show. ?«We're not going out with the intention of keeping an equity stake.

Booth made no announcement about the sale of the units, but said the Dearborn, Michigan, automaker has been pleased with the interest and quality of the bidders. He said Jaguar and Land Rover probably would be sold and expects a decision late this year or early in 2008.

He added that Ford expects to conclude its strategic review of Volvo for potential sale by the end of this year.

Source: [url=http://economictimes.indiatimes.com/News/International__Business/Automaker_needs_money_from_Jaguar_Land_Rover_sale/articleshow/2364023.cms]Economic Times[/url]
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford reconsidering Jaguar, Land Rover sale news FORD 0 09-18-2007 01:00 PM
Honda, Toyota Beat Detroit in New Automaker 'Green' Rankings news HONDA 0 04-04-2007 01:00 PM


All times are GMT. The time now is 03:56 AM.



2010