As reported earlier this week, and confirmed by Ford, Ford has officially hired Goldman Sachs and Morgan Stanley to sell its Jaguar and Land Rover brand. Now, according to German newspaper Frankfurter Allgemeine Zeitung, Cerberus, who recently bought Chrysler, is showing interest in Jaguar and Ford.
Citing London bank sources, the newspaper said that Cerberus, Blackstone and Cinven have shown interest in joining the auction for Ford’s luxury car brands.
It is not clear yet whether both brands will be sold as a package deal but an industry source has told Automotive News that Ford is favoring a package solution though it won’t mind selling the two brands separately.
Merrill Lynch analysts have previously said that Ford could possibly raise over $9 billion by selling its remaining luxury car brands.
Source: Automotive News (Subscription Required)
[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Ford, Chrysler, Jaguar, Land Rover[/tags]