
Ford expects to achieve the sale of its two British brands during the first 2008 trimester as it will close the bids today.
“First and foremost in our minds is to make sure that we sell to a buyer that looks to grow (the brands),“ said Mark Fields at a presentation at a Ford training facility. “We’re still going through the process.“ Among the three contenders, Tata Motors is the favourite bidder for unions, but the highest bidder will likely be the winner as Ford is struggling to restructure its US business.
Jaguar and Land Rover have been estimated at £750 million but according to the Indian press, bids had ranged between £750 million and £1.1 billion.
Whoever the winner is, it will inherit a troubled Jaguar which might have a better future thanks to the well-received XF model and a Land Rover which will achieve its best year ever with 200,000 delivered vehicles.
Source: Reuters


















