Ford looking to sell Jaguar and Land Rover

After the sale of Aston Martin, many analysts have been wondering what company Ford will sell next in order to recover from its $12.5 billion loss in 2006 and continuous slow sales. Well, according to Automotive News, Ford is now actively seeking buyers for Volvo, Jaguar and Land Rover.

Back in May, it was reported that Ford was talking to BMW for a potential sale of its Volvo group. The report was later denied by Ford itself.

Current reports say that Ford was in talks with Fiat over a possible sale of Jaguar and Land Rover. The talks which started in February, ended late last month due to...
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BMWM - 6/11/2007 10:41:11 AM

+5 Boost

Haha! They are getting rid of every British company they own, really stupid.

cdoke - 6/11/2007 11:40:26 AM

+3 Boost

It has come to the point that rumors of the same content circulate about once every 2 months. Now I must say I think the wording of this article is odd

"officially hired Goldman Sachs and Morgan Stanley to take the three premium companies off of its hands for cash payment."

To say that you "hired" Goldman Sachs, an investment firm, to invest in somthing is exceedingly odd nomenclature.

Anyway, if anything happens with either Goldman Sachs or Morgan Stanley, I would imagine that such a situation is nothing more than an atempt to raise capital and that Ford would maintain control. I, of course, could be wrong.

The one thing I am sure of: Goldman Sachs knows how to make money. I am sure some of your remember that last year the average end-of-year bonus, even for support staff at Goldamn Sachs was north of $600,000.

jt716 - 6/11/2007 12:53:28 PM

+1 Boost

uh...lies i think maybe jag but not land rover

EnnNorak - 6/11/2007 2:27:01 PM

+1 Boost

When you need a cash infusion, you often have to sell some of your best assets because nobody will buy your money-losing assets for more than the market value of the assets themselves. Only profitable ventures can be sold at a reasonable price as a going concern.