Ford: No announcement yet on Jaguar and Land Rover

Car giant Ford will not make an announcement about the sale of its Jaguar and Land Rover subsidiaries until late this year or perhaps early 2008, the head of the company’s European operations said today.

“It’s a very orderly process,” Lewis Booth, executive vice president of Ford’s European units said, adding that Ford was in the middle of its strategic review of Volvo for potential sale.