Ford to offer buyouts
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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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Tata Motors said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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Ford Motor Co.  and the United  Auto Workers union are planning to offer buyouts to all the  company's U.S. workers, the Wall Street Journal reported on its  website on Thursday.
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Ford said it was working with financial advisers to sort out the future of the two British brands.
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VAN BUREN TOWNSHIP, Mich. - Visteon Corp. is offering its 8,100 white-collar employees $1,000 cash bonuses to buy Ford Motor Co. vehicles and boost its largest customer and former parent company in its race with General Motors Corp.
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Ford Motor Co  and the United Auto Workers union have agreed on the broad terms of a new round of buyouts that would slash thousands of jobs under the terms of a new contract, people familiar with the ongoing talks said.
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Ford would prefer not to keep a stake in its Jaguar and Land Rover units, when and if the automaker finds a buyer for the two luxury brands.
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Ford Motor Co.  will offer  zero-percent financing for three years on all 2007 Ford,  Lincoln and Mercury models and additional cash on some vehicles  as it tries to clear showroom floors at the end of the month.
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India's Tata Group is interested in acquiring Ford Motor Co's  Jaguar and Land Rover brands, the Indian conglomerate's chairman Ratan Tata said in remarks released on Friday.
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Ford in negotiations with Indian automaker over sale of its two subsidiary luxury brands.
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DETROIT -- Ford Motor Co. plans to expand buyout and early retirement offers to the company's entire U.S. hourly work force of 75,000 as part of a broader restructuring plan aimed at restoring the troubled No. 2 automaker to profitability.
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As part of its recovery plan, Ford will sell the maker of upscale British sports cars to a group of investors that includes the racing mogul David Richards.
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Ford Motor Co. said on Tuesday it was offering low-rate financing deals on many of its 2007 model-year vehicles and interest-free loans on its 2006 vehicles to boost sales.
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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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Ford confirms that India's Tata Motors will be the likely buyer of its UK-based Jaguar and Land Rover brands.
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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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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.