Former Ford Motor Company CEO Jacques Nasser recently visited the United Kingdom to see Ford’s Jaguar and Land Rover plants for his current employer, One Equity Partners. Nasser was instrumental in Ford’s purchase of Land Rover from BMW in 2000. Nasser is now a senior partner at One Equity Partners, a private equity group.
The Times reports that unions in the U.K. are against sale of the two British marques to a private equity group, but that sentiment towards Nasser is more positive given his history with Jaguar and Land Rover when they were part of Ford’s Premier Automotive Group. The unions apparently hope that Ford will retain up to a 40 percent stake in the brands.
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