The Detroit News reports: Ford gives luxury bids more time. Here's the background: Ford is hurtin' so it's selling some of it's fancy brands. In this case: Jaguar and Land Rover. Ford gave prospective owners unti the end of September, but now have given them even more time. Why is that?
No reason was given, but the source said bidders assume the move is designed to give them more time to secure financing in today's tight credit markets.We wonder, however, if bids are going to be hard to come by. What if folks don't want the problems of Jaguar and Land Rover?
What happens then?
Ford already sold Aston Martin. Just so you are up on everything.