至尊英语阅读资料之汽车专题第195集.pdfVIP

Automotive articles 195 [4851]Jaguar, Land Rover to be Put on the Trading Block Earlier this year, the struggling Ford Motor Company sold the majority shares for the ultra-luxury brand Aston Martin as the company aims to bolster its sagging financial status. It can be remembered that the Dearborn-based car manufacturer posted its biggest lost last year. With the sale of Aston Martin and the continuing financial woes for the car manufacturer, it is expected that Jaguar and Land Rover will follow soon. Earlier this week, Ford announced that they have taken the services of two firms to determine the future of the two European brands. Investment banks Goldman Sachs, HSBC Holding Plc and Morgan Stanley were hired by the car manufacturer to find willing buyers of the two British luxury brands. After the sale of Aston Martin, Ford initially denied rumors that they will sell the remaining brands in their Premiere Automotive Group (PAG) which is composed of European luxury brands. Recently though, as United States sales slow down, the company is in need of money to invest on their core operations. Tom Hoyt, a spokesman for the company, has this to say: “As weve consistently been saying since last year, Ford Motor Company has been assessing a number of strategic options for all of our operations, as any responsible company would do. Ford is actively investigating its options in terms of other possible actions, and were not ruling anything in or out.” The company, through Hoyt, also said that, “We are working with our financial advisers to determine the best future for Jag and Land Rover.” Both the luxury brands are expected to be sold by the company as slow sales for the brands are hindering the progress of the company. As sure as the Ford Probe and its accessories like Ford Probe hood protector has been discontinued by the company, the sale of the two British brands are inevitable. While both Jaguar and Land Rover are expected to be sold by F