If you've ever wanted your very own British Automaker, boy has Ford
got a deal for you: buy one, get one free. The two brands are said to be worth $1.5 Billion or more, and Ford can use all the cash it can get. There are only a few more weeks to get in a bid
and Land Rover
, and according to Auto News
, Cerberus is still in the running. Indian automaker Tata
Motors is in the running too, along with Ripplewood, One Equity Partners, and TPG. While Ford will close out bidding by the beginning of November, we may not know the final outcome until after the first of the year.
[Source: Auto News - sub. req'd]