Ford to sell Jaguar, Land Rover brands for $2.3B - New Mexico Business Weekly:

ignatiywulyxura.blogspot.com
In a news release, Ford said the total sale pricwis $2.3 billion. At closing, whicbh is expected to occur by the endof June, Ford will contributre up to $600 million to Jaguar and Land Rover'ds pension plans. Ford announcec last year that it was exploring a sale of the Jaguar and Land Rover businessese in order to focus on its coreFord "Now, it is time for Ford to concentrate on integrating the Ford brand globally, as we implemeny our plan to create a strong Ford Motorf Co.
that delivers profitable growthfor all," Alan president and CEO, said in the As part of the deal with Tata, whic is one of India's largest vehicle producers, Ford will continued to supply Jaguar and Land Rover with stampings and other vehicle components. Ford also will provide engineerinyg support, including research and development, in addition to informatiojn technology, accounting and other Also, Ford's financing arm, , will provid financing for Jaguar and Land Roverr dealers and customers during a transitional perios of up to12 months, the releasd said. Dearborn, Mich.
-based Ford (NYSE: F) has five dealerships in the Albuquerque metro They are: in Rio Rancho, and in Rich Ford in Edgewood and in Los Lunas.