- Jun 25, 2007
Ford retains KPMG to have a look at Jag's and Rover's books
Ford isn't wasting any time or taking any chances with the sale of Jaguar and Land Rover. The Blue Oval has hired accounting firm KPMG to go over the English carmakers' books to get them in shape for sale. Specifically, KPMG is tasked with getting the automaker's financial paperwork ready for examination by potential buyers, and to give "a clear picture of Jaguar and Land Rover's performance as businesses separate from the influence of Ford." KMPG's duties will also include looking at the companies' pension liabilities. Through it all, Ford has still not declared outright whether it actually intends to sell the brands.
[Source: The Times Online via Auto News]