JANUARY 16, 2002
Ford to sell off Britain's Kwik-Fit
AS part of the plan to make the company profitable again, Ford is believed to be selling off its car repair business in Britain known as Kwik-Fit. This is in part due to the cuts in Detroit but also because it is expected that the European Union will shortly stop car manufacturers from controlling servicing arrangements.
Ford is looking at selling a variety of other "non-core assets" in the hope of raising money to help offset the huge loss which is expected to be announced for 2001. This is believed to be more than $5bn.
Ford is the parent company of the Jaguar Racing F1 team.
|Print News Story|
EX-LIGIER MAN KILLED ON DAKAR
F1 MEN STRUGGLE IN AMERICA
FORD TO SELL OFF BRITAIN'S KWIK-FIT
MCLARENS FASTEST AT VALENCIA
NEW SAUBER C21 HAS FIRST SHAKEDOWN AT FIORANO
OLYMPIC FLAME DOES A LAP OF INDIANAPOLIS
RED BULL STAYS WITH SAUBER
SAUBER CAUGHT OUT BY WILLIAMS LAUNCH DATE
THE IRRESISTIBLE RISE OF CARLOS GHOSN
WHAT IS SO RADICAL ABOUT THE NEW FERRARI?
WHO GOES WHERE IF PROST CLOSES DOWN?
WORK STARTS IN MELBOURNE