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Posted by Sheryll Alexander Aug 8, 2006 |
From London's Sunday Times:
There was no immediate comment from Ford to the paper's report that a majority stake in the two car might be sold as a package to a financial investor. The paper quoted banking sources saying Ford was also considering holding on to the money-losing Jaguar, which it acquired in 1989, but cutting back on production to make exclusive luxury cars. Ford hired mergers and acquisitions expert Kenneth Leet last week to advise on strategic options as Ford revs up its restructuring.