Jaques Nasser still interested in Jaguar/Land Rover, schedules factory tours
One Equity is seen as a master of the quick flip, having banked a 79% gain on Polaroid when they sold it after just two years of ownership recently. We're not sure what their plans for the two marques would be, but reports seem to indicate that One Equity wants Ford to retain 30% to 50% of these firms to "ensure security of engines and parts supplies." When Ford shed Aston Martin earlier this year, Ford retained a 15% stake in the company. So Nasser sets up PAG while with Ford and might end up having a hand in it being dismantled. Interesting world.
[Source: Detroit Free Press]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models