Ford is to sell its luxury car builders Jaguar and Land Rover for up to £3 billion
Though the move is yet to be made official, the American company has revealed its plans to government ministers, and explained that three banks, including Goldman Sachs, Morgan Stanley and HSBC will advise it during the sale.
Ford bought Jaguar in 1989 for £1.6 billion, and Land Rover in 2000 for £1.8 billion. In private it is rumoured that it had been talking to both Fiat and BMW about a the sale. Both firms have now indicated that they are not interested.
No comments:
Post a Comment