News - Ford

Ford  In close touch: Jac Nasser and Bill Ford.

In close touch: Jac Nasser and Bill Ford.

Bill Ford confirms Aston Martin is "on the block", but other PAG brands are safe


FORD supreme, William Clay Ford, has confirmed that no other Premier Automotive Group assets are on the chopping block.

During his rush trip Down Under last week, Mr Ford confirmed that Aston Martin was "on the block" but Jaguar and other PAG assets were safe.

Asked if Jaguar would be sold off, Mr Ford said nothing was planned.

"We need to fix Jaguar. We had an appetite for volume that's frankly that the brand couldn’t support; shouldn't support in retrospect," he said.

"Geoff Polites is doing a great job of getting the business model in shape. "It's not there yet. We've got some work to do. The product's are great. "We just have to fix Jaguar."

Mr Ford also admitted that he and former Ford CEO, Jac Nasser, were in "close touch".

"He's a good guy and wishes us well. But I'm not selling Jag to anybody."

Mr Nasser has been rumoured to be keen to grab PAG assets from Ford.




Useful links

Share with your friends

Motor industry news

GoAutoNews Latest Edition

GoAutoNews is Australia’s number one automotive industry journal covering the latest news, future and new model releases, market trends, industry personnel movements, and international events.

All Ford models

Research cars by brand

Other news

Find the rest of the news here...






© Copyright (1979-2014 John Mellor Pty Ltd)