Who wants Jag and Land Rover? Here’s a list of interested parties

According to the New York Times, Ford hopes to have a tentative deal to sell Jaguar and Land Rover by September 30th. Morgan Stanley has said that the deal could rake in anywhere from $4 billion to $7 billion into Ford”s bank account. Citigroup, on the other hand, believes that Ford could fetch $8 billion from the deal.

Merrill Lynch analysts have previously said that Ford could possibly raise over $9 billion by selling its remaining luxury car brands.

So who are the interested parties?

According to Automotive News, these parties have indicated preliminary interest to Ford:

    – Tata Group: an Indian automaker and conglomerate.
    – Mahindra & Mahindra: another Indian automaker.
    – Fiat group of Italy: which already owns luxury brands Maserati, Alfa Romeo and Ferrari.
    – Cerberus Capital Management: which now owns 80.1 percent of Chrysler.
    – One Equity Partners: a private equity firm where Jacques Nasser, former CEO of Ford Motor, is a managing director.
    – Ripplewood Holdings: a private equity firm where Tom Stallkamp, former president of Chrysler, is an industrial partner.
    – Texas Pacific Group, another private equity firm.

We’ll see what happens as Sept 30th rolls around.

 

Source: Automotive News

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Automotive, Jaguar, Land, Rover, Ford[/tags]