An NFL Nut.

Football stuff.

Jaguars Official

Jaguar, Land Rover to be Put on the Trading Block

Earlier this year, the struggling Ford Motor Company sold the majority shares for the ultra-luxury brand Aston Martin as the company aims to bolster its sagging financial status. It can be remembered that the Dearborn-based car manufacturer posted its biggest lost last year. With the sale of Aston Martin and the continuing financial woes for the car manufacturer, it is expected that Jaguar and Land Rover will follow soon.

Earlier this week, Ford announced that they have taken the services of two firms to determine the future of the two European brands. Investment banks Goldman Sachs, HSBC Holding Plc and Morgan Stanley were hired by the car manufacturer to find willing buyers of the two British luxury brands.

After the sale of Aston Martin, Ford initially denied rumors that they will sell the remaining brands in their Premiere Automotive Group (PAG) which is composed of European luxury brands. Recently though, as United States sales slow down, the company is in need of money to invest on their core operations.

Tom Hoyt, a spokesman for the company, has this to say: “As we’ve consistently been saying since last year, Ford Motor Company has been assessing a number of strategic options for all of our operations, as any responsible company would do. Ford is actively investigating its options in terms of other possible actions, and we’re not ruling anything in or out.”

The company, through Hoyt, also said that, “We are working with our financial advisers to determine the best future for Jag and Land Rover.” Both the luxury brands are expected to be sold by the company as slow sales for the brands are hindering the progress of the company. As sure as the Ford Probe and its accessories like Ford Probe hood protector has been discontinued by the company, the sale of the two British brands are inevitable.

While both Jaguar and Land Rover are expected to be sold by Ford, the only Swedish brand in the Premiere Automotive Group is safe for now. This does not mean though that Ford will not sell Volvo. While sales for the Scandinavian brand are slowing down in the United States, it is turning a profit for FoMoCo outside of North America.

While Ford is yet to formally announce that they are going to sell of Jaguar and Land Rover, analysts are already quoting the price that Ford could fetch for the brands. Jon Rogers, an analyst with Citigroup, says that for Jaguar and Land Rover, Ford could cash in about $8 billion. For Volvo, which is more successful than both Jaguar and Land Rover, it is estimated that Ford can get $7 billion for the brand.

Meanwhile, British Prime Minister Tony Blair is in touch with Ford in the expected sale of the Two British luxury brands. “We still believe that both Land Rover and Jaguar are highly successful companies and will have a highly successful future,” says the official spokesman of the prime minister.

There are also questions as to why Ford will sell the two brands from British. David Osborne, the national officer of the Unite union, says that: “We are very concerned to hear these reports and we are seeking an urgent meeting with Jaguar/Land Rover. We find it difficult to understand why Ford would want to sell a successful, growing and environmentally improving brand like Land Rover, and a marque like Jaguar, which is a significant player in the luxury market and one that Ford has invested heavily in.”

About the Author

Anthony Fontanelle is a 35-year-old automotive buff who grew up in the Windy City. He does freelance work for an automotive magazine when he is not busy customizing cars in his shop.

where can i find the official data about financial performance of jaguar cars ?

hi. i have got an assignment to do about jaguar cars i have tried a lot to get the financial details of jaguar cars for the past years .if any one could help me by sending the useful information it would be very much helpful to me.

Hi,

If you need such data for free all you can expect is an over all aggregated data. But if you need complete in depth analysis and figures you need to buy from online.

As I am not sure how much data is required to you, I suggest you to check this http://www.researchandmarkets.com/reportinfo.asp?report_id=312262

If this is what you are looking for then you are lucky as you can find similar data for different years in that website.

Do let me know how it goes. Good luck

Cheers
Responder

Official European Madden Online Franchise - Week 1 - Jaguars @ Colts - Madden NFL 10

This entry was posted on Sunday, February 24th, 2008 at 8:26 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.