JV partner Prodrive bows out as FPV launches high-end GT RSPEC.
Ford Australia is buying out Prodrive from its Ford Performance Vehicles joint venture and absorbing the specialty auto maker into its general operations with the loss of 32 jobs at FPV. The partners determined the business situation was unsustainable in the long term. “As a result of the business review, Prodrive has made the decision to exit the performance-car market at the end of 2012,” Managing Director Bryan Mears says in a statement. A memorandum of understanding ...
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