EU:Jaguar not for sale, Ford Europe head says
Jaguar not for sale, Ford Europe head says
BRUSSELS -- Ford Motor Co's premium brand Jaguar is not for sale, the head of Ford's European business told Reuters on Monday, dismissing talk that the second biggest U.S. carmaker might part with the loss-making brand.
"No. There are no truths in those persistent rumors," Lewis Booth said when asked if Jaguar were for sale. Market talk has circulated of late that French carmaker Renault SA could be interested.
Booth also stuck to a forecast that Ford of Europe would generate a 2005 pretax profit of $100 million to $200 million in 2005.
"I think we're on track for that," he said after a meeting in Brussels with European Union and auto industry executives.
He said Ford of Europe was set to cut 2,600 jobs as planned via voluntary redundancy packages without resorting to forced layoffs.
"We believe we're going to get there almost certainly by voluntary action," he said.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....