7/19 is the bidding deadline for Jaguar & Land Rover

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Jul 10, 2007 | 03:03 AM

Louie

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From: Holland

7/19 is the bidding deadline for Jaguar & Land Rover

http://www.topgear.com/content/news/stories/2015/

Quote:

According to Ford insiders, the American giant has given prospective buyers until July 19 to submit bids for Jaguar and Land Rover.

Jul 10, 2007 | 03:06 AM

Poisoned Pony

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From: Orlando, FL

whoa, they really are selling them?!?

Jul 10, 2007 | 09:11 AM

Evil_Capri

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Moving to 'Other Fords' for the time being . . .

Jul 11, 2007 | 02:43 PM

Moosetang

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There've been alot of reports that the bidders are really low-balling the Jag/LR package, down in the $1billion range. That's pretty patheitcally low, and I wonder if it's too low. I would expect this sale to not happen if Ford doesn't feel they're getting adequate value.

Jul 16, 2007 | 12:06 PM

jsaylor

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Quote:

Originally Posted by Moosetang

Agreed, I also wonder if Ford isn't pitting LR/Jaguar and Volvo against each other to ascertain which one they can obtain a great long term value by selling. Volvo will bring more money up front to be sure, but Jaguar/LR arguably have more long term potential and represent some serious red ink at the moment which translates into money recouped as well.