Ford's anti-bankruptcy sale

It seems a massive sell-off of its foreign marques is a key part of Ford Motor Co.'s restructuring plans. News Monday is that Ford has been trying to sell Jaguar and Land Rover to Fiat Automobiles SpA ever since February. Ford also has enlisted Goldman, Sachs & Co., HSBC plc and Morgan Stanley to help it sell at least the British brands of the Premiere Auto Group, which also includes Volvo, reportedly drawing interest from BMW. In March, Ford sold Aston Martin for $848 million via a UBS auction.

Full coverage will come later in The Daily Deal and on TheDeal.com. —Matthew Wurtzel

See story from the Financial Times via MSNBC.com
See Aston Martin story from TheDeal.com
See Volvo story from TheDeal.com

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