By Leftlane Staff
Wednesday, Aug 2nd, 2006 @ 3:42 pm

Ford has reportedly launched an internal review of its Premier Automotive Group, which includes Jaguar , Aston Martin , Land Rover , and Volvo . While Land Rover and Aston Martin have reported strong sales in recent months, Jaguar continues to struggle. Volvo has also reported shrinking sales over the past year. According to the latest Wall Street Journal, Kenneth Leet — a mergers and acquisitions expert who worked at Goldman Sachs and Bank of America — has been called in to lead the review. Leet will report directly to Bill Ford. Ford has said the PAG could become profitable in 2007, but recent sales and earnings numbers suggest that goal may not become a reality unless major changes take place.

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