Ford sets deadline of 19 July for potential suitors
10 July 2007

Potential buyers of Land Rover and Jaguar have until 19 July to make their bids.

Ford has set the deadline as it attempts to sort out the future of its Premier Automotive Group. It has already sold Aston Martin, and rumours abound that Volvo is up for sale too, if the price is right.

However, the scarcity of financial information about Land Rover and Jaguar may deter some bidders. Apparently Ford has not issued the full details of the companies’ accounts that buyers expected. Land Rover has, however had a very good year so far; last month global sales were up by eight per cent.

Private equity group Cerberus, which successfully bought Chrysler from Daimler in May, is believed to be the most likely bidder for Land Rover and Jaguar.

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