Ford Looking to Selling Off Land Rover, Jaguar and Volvo
Wednesday, June 13th, 2007
It was only three months ago that Jaguar was to remain in Ford’s Premiere Auto Group portfolio, but a recent uncovering by Automotive News Europe, and another report by the Detroit News shows that this is definitely not the case. As a matter of fact, it appears that Ford is closing down the entire PAG division, putting Jaguar, Land Rover and Ford on the block shortly after selling off Aston Martin. Last year, PAG, as a group, lost $327 million USD. To be clear, while a premium division, Lincoln is not part of PAG despite initially being clumped into the group.