Autocar:Second ex-Ford boss enters JLR sale fray - Ford Inside News Community
 
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post #1 of 6 (permalink) Old 08-10-2007, 10:29 AM Thread Starter
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Autocar:Second ex-Ford boss enters JLR sale fray

Autocar:Second ex-Ford boss enters JLR sale fray


Another former Ford boss has entered the race to buy Jaguar and Land Rover. Sir Nick Scheele, president of the Blue Oval between 2001 and 2005, is understood to be preparing a bid backed by American private equity firm Ripplewood Holdings.
Scheele is the second former Ford boss to be linked with the Jaguar and Land Rover sale. Jac Nasser, who was in control of Ford from 1999 to 2001, will head a bid financed by another private buyout group, One Equity. Other firms understood to be preparing offers include the new owners of Chrysler, Ceberus Capital Management, and India's Tata Motors.

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post #2 of 6 (permalink) Old 08-10-2007, 12:43 PM
 
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Re: Autocar:Second ex-Ford boss enters JLR sale fray

I was wondering what Nick might have thought about all this! Am I right in remembering that it was he that was assigned to Jaguar after Ford's acquisition to straighten out manufacturing? I think it's Mr. Scheele that is largely responsible for Jaguar's climb out of the quality abyss. Personally, I would be very happy knowing that he was running the company. He knows it.
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post #3 of 6 (permalink) Old 08-10-2007, 12:51 PM
 
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Re: Autocar:Second ex-Ford boss enters JLR sale fray

"This is just a nasty rumor. Ford will never sell these brands. They've said so."
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post #4 of 6 (permalink) Old 08-10-2007, 12:55 PM
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Re: Autocar:Second ex-Ford boss enters JLR sale fray

Quote:
Originally Posted by megeebee View Post
"This is just a nasty rumor. Ford will never sell these brands. They've said so."

Ummmm, they have not sold it......yet
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post #5 of 6 (permalink) Old 08-10-2007, 06:10 PM
 
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Re: Autocar:Second ex-Ford boss enters JLR sale fray

Just to remind everyone, from April of this year originally posted by SOBESVT:






AUOBLOG: Mullaly: The CAT stays in the house.



Ford keeping Jaguar in the house: Mullaly says "We're 100 percent behind them"



Plain and simple, Alan Mulally is keeping the cat in the house. While admitting that there is a ways to go in the Ford turnaround plan, he asserts that, unlike Aston Martin, Jaguar will remain in the stable, citing the fact that "Jaguar is on a really good plan" as the reason "why we're investing in them."

It's been really hard to get a solid bearing on the future of Ford's leaping feline. Mulally's Ford, which is clearly not afraid to make ruthless cuts, sold Aston just as it climbed into profitability and began unveiling stunning future models. Jaguar, however -- in spite of last year's recall of every 2006-2007 XJ, the marque's 62% drop in sales from 2002-2006, and a 26.8% drop in year-on-year sales up to now -- is envisioned as a high-end niche maker with high-end niche profits.

for more CLICK HERE.
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post #6 of 6 (permalink) Old 08-10-2007, 08:29 PM
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Re: Autocar:Second ex-Ford boss enters JLR sale fray

Until the UAW issues are settled,
not only will we Not know what's really-going-on...

We don't deserve to know what's really-going-on.

It goes waaay beyond Ford OR GM fandom.
The last 2 (publicly traded) U.S. automakers are in the fight of their life FOR their lives.
Anyone who can't cut them some slack (if not actually trust them), is no better than a Thugota-fan
...whose import-cheering amounts to a suicide-wish for the domestic economy.
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