RE: Jaguar is not for sale: Ford
Discussion
Going back to the original thread, I for one am pleased that Jaguar stays under Ford ownership whilst it re-develops it's image. As a Big Cat enthusiast, it is the safest way to ensure the marque lives on, in my opinion. As a Vauxhall enthusiast also, I would like to see GM Europe buy Aston Martin. They are short of an exciting image and for two of the largest global manufacturers to pitch two great british legends in direct opposition can only be good in development terms for customers.
I have recently bought a '97 X300 from a fellow enthusiast who runs a diesel X350 (Alum bodied XJ). It seems that whilst technology has lept on, build quality seems questionable. In 13,000 miles, both turbochargers and a complete gearbox has been changed, and some of the chrome and badgewear was showing signs of corrosion or sub-standard finish. Not good on such a car. The X300 is coverted amongst XJ enthusiasts as probably the best XJ produced, a more modern, if traditional shape, good corrosion resistance coupled with a bulletproof drivetrain. They do seem to have lost the plot slightly.....
I have recently bought a '97 X300 from a fellow enthusiast who runs a diesel X350 (Alum bodied XJ). It seems that whilst technology has lept on, build quality seems questionable. In 13,000 miles, both turbochargers and a complete gearbox has been changed, and some of the chrome and badgewear was showing signs of corrosion or sub-standard finish. Not good on such a car. The X300 is coverted amongst XJ enthusiasts as probably the best XJ produced, a more modern, if traditional shape, good corrosion resistance coupled with a bulletproof drivetrain. They do seem to have lost the plot slightly.....
the article said:
Jaguar is no longer for sale – but Aston Martin will be under new ownership by the end of the year, according to new Ford president Alan Mulally.
Mulally, who joined Ford last year after a 37-year career at plane-maker Boeing, told reporters: “Jaguar is not for sale at this time.” While this comment doesn’t close the door on a future sale, it seems the new boss wants to give Jaguar a chance to re-establish itself, with the new XF sports sedan as a key model in a revitalised range.
4 Months? Not much of a chance, Mr.Mulally....Mulally, who joined Ford last year after a 37-year career at plane-maker Boeing, told reporters: “Jaguar is not for sale at this time.” While this comment doesn’t close the door on a future sale, it seems the new boss wants to give Jaguar a chance to re-establish itself, with the new XF sports sedan as a key model in a revitalised range.
Update: After the acquisition of Chrysler, Cerberus might be interested in Land Rover e Jaguar
Cerberus Capital Management — the company that recently agreed to buy the Chrysler Group from Daimler-Benz — is now interested in joining the auction for Ford’s luxury car brands Jaguar and Land Rover, Germany's Frankfurter Allgemeine Zeitung reported today.
The newspaper said the information comes from London bank sources. The sale of the two brands would likely net Ford over $8 billion, the paper reported. Two other investor groups, Blackstone and Cinven have also shown interest.
Renault-Nissan and private equity firm Alchemy Partners denied rumors earlier this week about an interest in the brands.
A new auto giant?
If Cerberus was to acquire the two British automakers from Ford — a completely hypothetical scenario at this point in time — then it would own five key car brands: Chrysler, Dodge, Jeep, Jaguar, and Land Rover.
Essentially, it would be an auto giant in its own right. Whether the brands would be treated as one large company or simply separate properties remains to be seen.
Back on the block
Ford was rumored to be considering the sale of Land Rover and Jaguar last year, but apparently decided against the move at the time. The company did, however, put Aston Martin up for sale in August 2006, and the brand was official sold earlier this year.
News that the two companies were up for sale again broke on Monday.
Two days ago, Ford confirmed to Automotive News it was considering all options regarding Jaguar and Land Rover.
“We’re working with outside financial advisers to determine the best future for Jaguar and Land Rover,” Ford spokesman John Gardiner said. “We’re not ruling anything in or out. We’re investigating options in terms of all the possible actions.”
da Leftlanenews.com
Cerberus Capital Management — the company that recently agreed to buy the Chrysler Group from Daimler-Benz — is now interested in joining the auction for Ford’s luxury car brands Jaguar and Land Rover, Germany's Frankfurter Allgemeine Zeitung reported today.
The newspaper said the information comes from London bank sources. The sale of the two brands would likely net Ford over $8 billion, the paper reported. Two other investor groups, Blackstone and Cinven have also shown interest.
Renault-Nissan and private equity firm Alchemy Partners denied rumors earlier this week about an interest in the brands.
A new auto giant?
If Cerberus was to acquire the two British automakers from Ford — a completely hypothetical scenario at this point in time — then it would own five key car brands: Chrysler, Dodge, Jeep, Jaguar, and Land Rover.
Essentially, it would be an auto giant in its own right. Whether the brands would be treated as one large company or simply separate properties remains to be seen.
Back on the block
Ford was rumored to be considering the sale of Land Rover and Jaguar last year, but apparently decided against the move at the time. The company did, however, put Aston Martin up for sale in August 2006, and the brand was official sold earlier this year.
News that the two companies were up for sale again broke on Monday.
Two days ago, Ford confirmed to Automotive News it was considering all options regarding Jaguar and Land Rover.
“We’re working with outside financial advisers to determine the best future for Jaguar and Land Rover,” Ford spokesman John Gardiner said. “We’re not ruling anything in or out. We’re investigating options in terms of all the possible actions.”
da Leftlanenews.com
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