Ford anticipates sale of Jaguar and Land Rover by years end

[Wizzo]

Ford will receive at least five buyout offers for its Jaguar and Land Rover divisions in the coming days, according to insiders. It will then narrow down to two or three suitors and begin a final round of bidding, which a Ford spokesman said will conclude by the end of the year.

'We are still looking at the end of this year or the beginning of next to conclude the process,' a Ford spokesman told the Reuters news agency. 'We have been very impressed with the quantity and quality of bids made for the Jaguar-Land Rover business.'

India's Tata Motors, One Equity, Ripplewood, TPG, and Terra Firma are all expected to make bids over the weekend at the latest. Cerberus Capital — which owns Chrysler — is believed to have dropped out of the bidding. Ford put Jaguar and Land Rover up for sale this summer. The two companies are likely to be sold as a package deal. Ford also sold its Aston Martin division earlier this year.

 

[cosworth151]

I find it very odd that Ford is selling off Land Rover after spending a large bundle to buy the Rover name last year. Of course, Ford is now being run by non-car people, so I guess common sense has gone out the window.

FoMoCo has recently said that it intends to keep Volvo.

[raindancer]

Interesting ! It was reported in the business press that Tata Motors is a front runner. Tata also has sewed up an arrangement with Fiat for India and they also were the ones who are the only Mercedes Partners in the World in terms of a JV.

[Steven Roy]

I can't understand the whole situation.  Ford bought Jaguar when it was obvious to everyon Land Rover was a better bet.  Then they add Land Rover to the package.  Now they sell both?

[CrazyHorse]

i live by the jag factory in Halewood, got a few mates that work there and they assemble the X type.  As production started 7(ish) years ago the US market went into recession and it hasnt really picked up

the Jag garage by me are selling x types for £250 a month, so they're not as exclusive as jags should be. Everyone seems to be driving them

i always wanted a jag when i was a kid cos the equalizer had one and he was one mean mofo 

they should have stayed in F1 as well