Jump to content

Possible new Landrover owners???


kkk2
 Share

Recommended Posts

This made me laugh:

napoli01.jpgFORD ATTEMPTS TO BREAK UP SINKING SHIP

Crowds gathered along the M42 yesterday as Ford detonated a series of explosives intended to break apart the stricken vessel Jaguar-Land Rover which has been stuck on a bank of debt since 1990. After weeks of planning, Ford employees triggered controlled charges on the British car makers’ badly damaged hull with the aim of widening already visible cracks in the corporate structure and making it possible to pull the two halves of the company apart. Salvage experts say it should be possible to keep the stronger front (or ‘Land Rover’) half of the company afloat and, with some repairs, it could find a welcome port elsewhere. However, the badly creaking rear (or ‘Jaguar’) section is thought to be badly holed and may simply be allowed to sink. Sources say it was vital to break apart the two sections of the stricken company before the ‘Land Rover’ section was dragged under by the ‘Jaguar’ half which is already flooded with water, red ink and not car buyers. In the next few days the tug banks Goldman Sachs, Morgan Stanley and HSBC will attempt to pull apart the two sections of the floundering vessel and plug any remaining money leaks. However, whilst many onlookers now anxiously wait to see if Jaguar will slide beneath the waves, some on board maintain that the badly listing ship can be saved. ‘There is nothing to report here,’ said one spokesman, speaking from the poop deck or somewhere. ‘Jaguar’s future is far from blug-glug-lug-lug-pl-pl-pl-pl…’

Link to comment
Share on other sites

Latest news, via industry auto daily report:

BIDDING HEATS UP FOR JAGUAR, LAND ROVER. Ford

Motor Co. is expected to receive as many as six preliminary

bids for its Jaguar and Land Rover brands by today’s deadline,

according to the Financial Times.

The London newspaper says at least one automaker is

expected to be among the bidders, probably India’s Tata

Motors Ltd. At least three private equity firms—Cerberus

Capital Management, One Equity Partners and Ripplewood

Holdings—also are likely to make offers.

Meanwhile, today’s Detroit News says Ford has put

significant restrictions on bidders. The newspaper says

prospective buyers must promise not to restructure the two

brands—a sop to British unions and politicians who fear

plant closings.

The News also says bidders aren’t being allowed to

tour Jaguar and Land Rover factories or meet with the

brands’ executives.

Link to comment
Share on other sites

bidders aren’t being allowed to

tour Jaguar and Land Rover factories or meet with the

brands’ executives.

That would give you sooo much encouragement as an investor :lol:

"Here you are Sir please buy this for £2bn but I am afraid we can't let you see it or meet the workforce" :rolleyes:

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

We use cookies to ensure you get the best experience. By using our website you agree to our Cookie Policy