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Jaguar and Land Rover Deadline : Car Advice | News Blog

Jaguar and Land Rover Deadline

July 9, 2007 by George Skentzos  




Potential buyers have been given until July 19th to make their offers for the Jaguar and Land Rover brands. Analysts expect both brands to be sold as one, with the winning bidder to be possibly announced in Ford’s second-quarter figures due by the end of the month.

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Bidders are rumored to include equity firms Cerberus, Blackstone and One Equity, the latter of which includes former Ford CEO Jac Nasser among it’s staff, surely an advantage in determining the true value and potential of the brands.

Unions representing staff at the associated plants have demanded that any sale agreement include a clause to protect the staff and guarantee them production at three UK plants will continue for the next five years.

Source: MotorAuthority

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Comments

One Response to “Jaguar and Land Rover Deadline”
  1. OttoAu says:

    You left FIAT Group off your list!

    They are still pissed off the time BA sold Rover to BMW, alas it was a blessing, Rover Cars was [is] a dog with rabies, BMW where losing $2million per day with it…

    FIAT are very interested in L/R not sure about Jag. though, could be good to get them into USA though

    O/A

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