Monday, 18 June 2007

Interest in Jaguar/ Land rover from Chryslers new owner

Cerberus Capital Management has shown interest in aquiring Ford's luxury car brand's Jaguar and Rover. Cerberus Capital Management recently agreed to buy the Chrysler Group from Daimler-Benz.

The sale of the two brands would likely net Ford over $8 billion. Two other investor groups, Blackstone and Cinven have also shown interest.
Speculation over the sale of Land Rover and Jaguar have been mooted since last year, after Ford announced the worst financial results for 43 years. The company did, however, put Aston Martin up for sale in August 2006, and the brand was officially sold earlier this year.

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