Due diligence on for Jaguar, Land Rover: Ford
LONDON: Ford Motor on Wednesday said due diligence by preferred bidders was underway for the sale of its two marquees, jaguar and Land Rover. Asked about due diligence by some "preferred” bidders, Ford's Premier Automotive Group spokesperson John Gardiner said in an e-mailed response: 'Yes, we are now exploring in greater detail the potential sale of combined Jaguar Land Rover business with selected parties who have expressed interest." He, however, declined to comment on how long the process would take and also on the bids by various parties, including Tata motors. Earlier, last week Gardiner had said the company would not comment on names, numbers or origins of any interested parties.
Source: Economic Times
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