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ReprintsMulally: No regrets on Jaguar Land Rover
John Revill
Automotive News
October 7, 2008 - 5:31 am ET
PARIS -- Ford Motor CEO Alan Mulally has no regrets about selling Jaguar and Land Rover. Ford sold the British luxury brands to India's Tata Motors for $2.3 billion (about 1.5 billion euros at the time of the sale). The deal was completed on June 2. Mulally said: "They are great brands. Tata really appreciates them and they are in great hands with Tata." He said Ford spent a lot of money on Jaguar and Land Rover and had gotten them to a "really good place." But, said Mulally, "Our number one goal in Ford is to focus on Ford." In July, Ford reported a $8.67 billion second quarter loss, its worst ever quarterly performance. Mulally was speaking on the sidelines of the Paris auto show. You may e-mail John Revill at jrevill@craincom.de |
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