According to Automotive News, Ford has hired investments banks Goldman Sachs and Morgan Stanley to help with the sale of the Jaguar, Volvo and Land Rover brands.
It was reported recently that Ford was having talks with BMW about the acquisition of Volvo. Shortly after the rumors started Ford denied them. It has also been leaked that Fiat was interested in the Land Rover and Jaguar brands, but those talks have ended due to Fiat’s desire to protect its credit rating. Fiat was interested in Land Rover and their dealer network because the automaker does not have and SUV models within their five brands. Fiat was reportedly interested in Jaguar because the automaker wanted access to Jaguar’s rear-wheel-drive platforms and their V6 and V8 engines.
Ford’s CEO Alan Mullaly has stated many times that the automaker has no plans to sell any more of its luxury brands, but that the automaker is going to access all possibilities.
Renault-Nissan has also denied any rumors that they were also interested in the Land Rover and Jaguar brands.
Full Story: Motor Authority
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