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post #1 of 3 (permalink) Old 04-28-02, 04:26 PM Thread Starter
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USA: Ford to sell London PAG HQ, 51 concept cars

26 Apr 2002

Ford Motor Company is to sell off its London Premier Automotive Group (PAG) headquarters and 51 concept cars, according to a report in today's Daily Telegraph.

“These are straitened times indeed at Ford,” the London-based newspaper's City Diary column said, adding that “top executives now travel business class, biscuits are banned at meetings, the Berkeley Square offices of its Premier Automotive Group are up for sale and now the company is selling off the family silver.”

The Daily Telegraph said that Christies in New York would auction 51 Ford concept cars in Detroit on June 16, describing the sale as “an almost unheard-of sale of unique cars”.

“Most companies spend millions tracking down their concept cars, restoring them and exhibiting them in museums, not selling them,” the paper added.

The Daily Telegraph said the concepts up for auction include a Lagonda Vignale Tourer and the revamped Ford Thunderbird and GT40.

A Ford UK spokesman did not deny details in the report, saying that the sale of the 51 concept cars had been widely publicised, especially in the US.

Proceeds would go to charity as part of Ford's 100th birthday celebrations which begin next year, he added.

The spokesman also confirmed that “a variety of cost-saving actions” have been put in place at the giant car company though restrictions on business class air travel “depend on the distance”.

A PAG spokesman could not be reached for comment.

Source: editorial team
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post #2 of 3 (permalink) Old 04-28-02, 05:16 PM
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That certainly seems a sad indication of the state of play
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post #3 of 3 (permalink) Old 04-29-02, 09:34 AM
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More Auction news........

Ford centennial celebration to kick off with concept car auction

Automotive News

DETROIT - Christie's auction house will sell 51 Ford Motor Co. concept and prototype vehicles in Dearborn, Mich., on June 16 to kick off the automaker's centennial celebration.

The collection's value is estimated at $1 million to $1.5 million, said Miles Morris, international head of Christie's motor car department. Proceeds will benefit charity.

The earliest concepts, a Ghia Selene II and a Ghia IXG Dragster, are from the early 1960s. Recent models include the 2002 Ford Thunderbird concept and the Lincoln Blackwood concept. The majority of the models were built in the 1980s and 1990s, Morris said.

Ford Motor celebrates it centennial June 16, 2003.

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.....
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