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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08/06, 8:34 AM
posted by:
RSPINAJR
All the problems at Ford started with Nasser – He is one of the main reasons Ford is in the shape thay are in today. Now it looks like he might get his Baby, Land Rover, back in his control Ford gets the shaft twice!
08/06, 9:01 AM
posted by:
Get Real
The scary thing is a company out there HIRED Nasser.
Be afraid, be very afraid.
08/06, 3:28 PM
posted by:
jJayC08
I hope that Ford keeps a large stake in Jaguar. They could both benefit with alot of things, seeing that Aston Martin is gone. Move Jaguar where Aston Martin was, a sort of supercar halo brand, and push Lincoln to make better cars.
I’m unsure about Land Rover, but please, don’t sell them to two Indian firms. Not because I’m racist, but the two firms interested in Land Rover have no experience with personal automobiles, let alone Halo brands.
08/06, 3:48 PM
posted by:
04focus
Actually, I think Ford would need to keep a stake in LR/Jag like they kept a stake in AM because of platform sharing. They probably want to control the IP dissemination of the EUCD platform on the Freelander as well as the Volvo I6.
08/06, 4:51 PM
posted by:
Commodore
I definetely hope Ford retains a stake. And I pray that the LR and JAG dont go to India. That would be horrible
08/06, 11:32 PM
posted by:
jdasch1
Let Nasser get these companys! If he runs them like he ran Ford, the two names can be bought for a song when the fat lady sings! He is a 4′10″ little dictator that shouldn’t be in the car business! Good god…someone hired him?? Holy ****.
08/10, 12:08 PM
posted by:
BLISS
ATTN: MR.JACQUES NASSER
PURCHASE THE TWO MARQUES FROM FORD AND MAKE THEM MORE PROFITABLE AND DURABLE ETC.