Mulally: Ford has no regrets on selling Jaguar, Land Rover

Speaking to the press at the 2008 Paris Motor Show, FoMoCo CEO Alan Mulally said that Ford had no regrets on selling Jaguar and Land Rover, the two British brands it sold to Tata Motors for a total of $2.3 billion.

Mulally said that the two brands are in good hands with Tata and that Ford had put a lot of money into getting Jaguar and Land Rover to a “really good place.” Ford reported an $8.67 billion second quarter loss, its worst quarterly performance.

“Our number one goal in Ford is to focus on Ford,” said Mulally.

Source: Automotive News (Subscription Required)