Ford Plans to Sell Climate Business
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The Ford Motor Company said Monday that it will sell the climate-control business of its Automotive Components Holdings unit to a French car parts maker, Valeo.
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DETROIT Refocusing on its core business, Ford Motor on Friday unveiled the beginning of a restructuring plan for its struggling Jaguar division, closing the unit&#39;s main plant and putting its Formula One racing business up for sale.
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Ford Motor Co. said Tuesday it was &quot;actively&quot; studying options that could include the sale of its British nameplates Jaguar and Land Rover as part of a companywide strategic review.
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"I don't think anybody's going to bid cold, hard cash for Jaguar"  Cash-strapped Ford Motor Co. took a step toward selling its Jaguar and Land Rover units on Thursday when it received an undisclosed number of opening bids for its British automaking businesses.Thursday was a deadline to submit early bids, but Ford said no sale is imminent.'We've had contacts from third parties, and we're actively evaluating them as part of our strategic review,' John Gardiner, a Ford spokesman in London, said Thursday. 'They've only been preliminary discussions, and no decisions have been made.' Read more
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Ford Motor Co.  is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.
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Automaker Ford Motor Co.  is in  talks to sell some luxury-auto brands to an investment group  led by its former Chief Executive Officer Jacques Nasser,  Bloomberg news service reported on its Web site, citing four  people familiar with the discussions.
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Aston Martin is one of three British companies that Ford may sell as part of its effort to finance a turnaround in North America.
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Ford Motor Co. F.N will offer buyout   packages of up to $140,000 to all of the more than 75,000   workers at its U.S. plants, the United Auto Workers union said   on Thursday, a day before the automaker details a revised   turnaround plan in response to slumping sales.
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Ford has hired accountancy giant KPMG to help it sell Jaguar and Land Rover, a report claims.
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Troubled US auto giant Ford Motor Co. has said it was looking to sell Aston Martin, the prestigious British sports carmaker immortalised by fictional superspy James Bond.
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Struggling car giant Ford expects to post a 20% drop in January US sales, but insists its turnaround is still on track.
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The Ford Motor Company has agreed to sell its iconic Aston Martin brand for just over 470 million pounds (908 million dollars) to a consortium led by a former British racing driver, an official for the US firm said Monday.
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Cash-strapped Ford Motor Co. took a step yesterday toward selling its Jaguar and Land Rover units when it received an undisclosed number of opening bids for the British automaking businesses.
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Companies are looking for ways to cut down on greenhouse gases and save money on increasingly expensive gasoline.
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Ford Motor Co. is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.
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NEW YORK/MUMBAI  - The Ford Motor Company  is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.
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Ford Motor Co. saw its sales continue to decline in November, despite the introduction of new vehicles. The automaker said it would reduce production for the first quarter.