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Ford to sell off Volvo: newsflash

By Tim Pollard Motor Industry 01 December 2008 15:18 Ford has just announced it is putting Volvo up for sale. The strategic review, announced today, is part of the Blue Oval’s rescue plan and, if it does sell its Swedish outpost, it could add hundreds of millions to Ford’s wonky balance sheet. The news underlines the collapse of Ford’s global ambitions.

Tata is leading JLR bidder

By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR.   JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).

Lexus RC F Coupe: OFFICIAL

The Lexus RC F (pictured) revealed ahead of its Detroit debut The Lexus RC F Coupe has been revealed ahead of its debut at Detroit next week, and it looks very promising. Lexus aren’t being specific about its output, but they do say the RC F is “the most powerful V8 performance road-going car ever developed by Lexus” with over 450bhp. That makes the RC F more powerful than the BMW M4 or the Audi RS5 which should mean the Lexus will be able to hold its own with the hot coupés from Germany, with a 0-62mph in the low 4 seconds.