Late word from the Londay Daily Telegraph is that Ford (F) is seeking about $6 billion for its Jaguar and Range Rover units. But, buyers who have looked at the financial statements for the units believe that a rational offer would be in the $2 billion range.
If this is true, Ford will have wasted a great deal of time on a sale that is unlikely to happen. It is hard to imagine that the US car maker would take so little for the premium cars units.
But, they might want to hire famous car company cost-cutter Carlos Ghosn to come in an slash employees and costs. Never know. That might work. And, with poor results at Nissan mounting, he may be looking for a job.
Douglas A. McIntyre
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