Ford Motor Co. reportedly agrees to sell its U.K.-based Kwik-Fit auto service unit to CVC Capital Partners for £300 million ($473 million). That’s less than the £800 million ($1.3 billion) Ford hoped to get for the unit and short of the £1 billion ($1.6 billion) it originally paid for Kwik-Fit in 1999. The Financial Times says Ford agreed to accept deferred payments for a large portion of the sale price from CVC after accounting irregularities at Kwik-Fit were unearthed. Ford likely will ...
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