Ford hires banks to explore options: sources
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Ford Motor Co.  has hired  investment banks to help it explore options including a sale of  its Jaguar and Land Rover European luxury brands, sources  familiar with the matter said, as several companies ruled  themselves out from bidding.
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Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said.
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Ford may part ways with both its British luxury-car brands as it raises money for its turnaround efforts.
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Business & money: Ford has appointed investment bankers to investigate the prospects of selling its two luxury UK brands, three months after it sold Aston Martin.
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Goldman Sachs , hired to help arrange financing to rescue Northern Rock , is now seeking investors in China and the Middle East to help fund a takeover, a source familiar with the situation told Reuters.
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Ford Motor Co.  is considering  going private, USA Today newspaper reported on Thursday, citing  a "source with direct knowledge of the discussions."
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The recovery of Ford Motor Co. -- even  with plans to cut 45,000 jobs, close 16 factories and save $5  billion -- hinges on a deceptively simple solution: it has to  build cars people want to drive, analysts said.
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Ford Motor Co., struggling to overcome record losses this year, plans to borrow as much as $18 billion to pay for US job cuts and factory shutdowns and will back its loans with collateral for the first time.
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DETROIT -- Ford Motor Co. said Thursday it is exploring the possible sale of all or part of its Aston Martin luxury sports car brand as the company works to free up cash to pay for its North American turnaround plan.
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Ford Motor Co.  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.
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Wanxiang Group, China's top auto parts supplier, is in talks with Ford Motor Co.  to purchase assets from the U.S. carmaker's components business, the Financial Times reported, citing the Chinese firm's founder.
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Ford Motor Co  needs a new business  model and may turn to outside executives and alliances with  other carmakers, according to a Financial Times report on  Sunday citing a memo it said was sent to staff by chairman and  chief executive Bill Ford.
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Ford Motor Co. 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 Motor Co.  plans to raise the  amount of a borrowing plan to roughly $22 billion to $23  billion from an original $18 billion, as it increases the size  of a revolving credit line and a convertible note sale.
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Ford Motor Co. said on Thursday it has had contact with interested parties for its Land Rover and Jaguar luxury brands and is evaluating the level of interest.
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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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Aston Martin is one of three British companies that Ford may sell as part of its effort to finance a turnaround in North America.