Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later. - Ford Inside News Community
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post #1 of 16 (permalink) Old 08-03-2007, 06:13 PM Thread Starter
 
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Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

Report: Ford aims to sell Land Rover, Jaguar by Sept. 30



Automotive News | 4:00 am, August 3, 2007




NEW YORK (Reuters) -- Ford Motor Co is hoping to have a tentative deal to sell its Land Rover and Jaguar operations by September 30, and a pact to dispose of Volvo by year end, The New York Times reported on its Web site today.

The automaker's advisors have begun putting together information that bidders want for Land Rover and Jaguar, the paper said, citing unnamed sources.

A Ford spokesman called the report "speculation" and would not comment further.





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post #2 of 16 (permalink) Old 08-03-2007, 06:13 PM Thread Starter
 
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

"This is just a nasty rumor. Ford will never sell these brands. They've said so."
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post #3 of 16 (permalink) Old 08-03-2007, 06:28 PM
 
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

Tata Jag and Land rover, I won't miss you!
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post #4 of 16 (permalink) Old 08-03-2007, 06:50 PM
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

I'm a suspicious type I guess. Shouldn't 9/30 be around when the outcome of the UAW negotiations are ..um.. if not finalized, showing enough of their final shape for more than guesswork?

- on my way to the supermarket for more salt - taking a grain here a grain there, I've been using a awful lot of it lately.
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post #5 of 16 (permalink) Old 08-03-2007, 06:51 PM
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

Man, I cannot believe this stuff. When is Ford going to come clean?

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post #6 of 16 (permalink) Old 08-03-2007, 09:13 PM
 
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

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Originally Posted by ndwariga View Post
Man, I cannot believe this stuff. When is Ford going to come clean?
I hope Ford will give us an answer soon too. Ford has been draging on the sales of these brands for way too long now.
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post #7 of 16 (permalink) Old 08-03-2007, 09:54 PM
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

What is the rush about?? Why shouldn't Ford take its sweet old time to make a decision if they think that is what is most convenient? How could this harm anything other than our curiosity?





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post #8 of 16 (permalink) Old 08-03-2007, 10:22 PM
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

^^ Yup
&
Quote: Originally Posted by B.R.
I hope Ford will give us an answer soon too. Ford has been draging on the sales of these brands for way too long now.


B.R., I meant to sorta imply that the SALE! could be part of posturing to improve their position against the UAW - tho I don't actually believe that's all there is to it - kinda think Fomoco is ready to go either way, keep PAG or sell it, depending in large part on how the negotiations turn out - worst case: they'll come out of it 'ripped to bone' & ready for a fight to some imports' death!!!
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post #9 of 16 (permalink) Old 08-04-2007, 12:08 AM Thread Starter
 
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

Quote:
Originally Posted by SobeSVT View Post
What is the rush about?? Why shouldn't Ford take its sweet old time to make a decision if they think that is what is most convenient? How could this harm anything other than our curiosity?

Harm?

How many millions of dollars per day does Jaguar cost Ford,
do you think?
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post #10 of 16 (permalink) Old 08-04-2007, 09:20 AM
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Re: Reuters: Ford wants to sell Jag and Land Rover By Sept.30/ Volvo Later.

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Originally Posted by megeebee View Post
Harm?

How many millions of dollars per day does Jaguar cost Ford,
do you think?
I have no idea and since I am not an accountant or an economist I much rather not speculate. I know that LR is making money and that Ford has invested a great deal of resources in the development of new Jaguar models and they are probably trying to recuperate as much money as possible. Seeing how well Mulally's financial team is working (as seen in the second quarter results) I don't think that they are just loosing money by being negligent.

So my advise to all of us armchair analysts is to be patient.





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