LONDON, June 28 (Reuters) - Accounting irregularities have been discovered at Kwik-Fit, the vehicle repair business sold to Ford Motor Co. of the United States for one billion pounds ($1.5 billion) three years ago and now up for sale again, the Financial Times reported on Friday. The news is likely to delay Ford's plans to sell the business, and will further depress its price, people close to the deal told Reuters. Ford had hoped to get at least 800 million pounds but potential bidders ...
Premium Content (PAID Subscription Required)
"Kwik-Fit sale hit by 3.4 mln stg gap in books-FT" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642