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.