Ford likely to sell Jaguar, Land Rover next year

Ford Motor Co. is still evaluating bids from three suitors for its Jaguar and Land Rover units, and a sale is not likely until early in 2008, according to sources briefed on the negotiations.

Ford likely to sell Jaguar, Land Rover next year
Thu, 06 Dec, 2007 - 21:47

Ford Motor Co. is still evaluating bids from three suitors for its Jaguar and Land Rover units, and a sale is not likely until early in 2008, according to sources briefed on the negotiations.

Indian automakers Mahindra & Mahindra Ltd. And Tata Motors Ltd., as well as US private equity firm One Equity Partners LLC are in the running for the units, submitting bids that range from $1.5-$2bn.

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CourtsBusinessHeathrowPlace: UKPlace: BritainPerson: Chief ExecutivePerson: Alan MulallyPerson: John GardinerPerson: Jacques NasserOrganisation: FordOrganisation: JaguarOrganisation: Ford Motor Co.Organisation: Land RoverOrganisation: MahindraOrganisation: Mahindra Ltd.Organisation: Tata Motors Ltd.Organisation: One Equity Partners LLCOrganisation: European UnionOrganisation: Premier Automotive GroupOrganisation: VolvoOrganisation: British GovernmentOrganisation: UniteOrganisation: TataOrganisation: One Equity PartnersOrganisation: JPMorgan Chase & Co.Organisation: Aston Martin
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