Cars and Drivers
Ford (F) Sale Of Jaguar And Rover Does Nothing For Company
Published:
It now appears imminent. Ford (NYSE: F) will sell its Jaguar and Rover brands to India’s Tata Motors. According to the FT, "The sale is expected to have a price tag of about $2bn and will include a pledge by Ford to contribute to the two brands’ pension fund, and by Tata to continue buying engines from Ford."
The deal is a side-show and it does almost nothing for Ford. The company’s shares are under $6, down from over $17 in early 2004. The firm’s North American operations continue to lose money. Domestic market share is off to 15% and will probably fall this year.
Auto sales in the US are being revised down to 14.95 million by JD Powers. In 2007, that number was 16.1 million.
Ford may want to see if Tata would buy the entire company.
Douglas A. McIntyre
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
