Ford Motor Co. Chief Executive Jac Nasser says the automaker expects its newly purchased Land Rover brand to post a profit in its third year of operation and be selling upwards of 200,000 units annually worldwide by then. The world's No.2 automaker finalized its deal to purchase Land Rover from BMW AG for 3 billion euros, or about $2.7 billion, on May 24. Under the deal, 2 billion euros ($1.8 billion) of the purchase price will be paid immediately; the remaining 1 billion euros ($902 ...
Premium Content (PAID Subscription Required)
"Ford: Land Rover Profitable by Third Year" 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!
Current subscribers, please login or CLICK for support information.