Jaguar and Land Rover sell-off delayed by stock market troubles

Ford’s sale of its Jaguar and Land Rover marques looks to have been delayed by the ongoing stock market troubles. The US car giant says no announcement will be made about the brands until the end of the year or early 2008.

Ford chief executive Alan Mulally admits the global financial position is “absolutely an issue”. The recent turmoil has seen a significant slowdown in takeover activity.

Private equity groups Ripplewood and Cerberus – which recently bought Chrysler – are thought to be among the frontrunners to buy Jaguar and Land Rover. Analysts have speculated that the sale could make Ford up to $2bn (£1bn).

Both marques are refusing to comment on the ongoing sale speculation and say it is “business as usual”.

It emerged last weekend that Land Rover is considering launching a battery-powered version of its compact Freelander 4×4 that will be 30% more economical than the present model.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here