Ford Motor Co. says it likely will lose money on its 1999 acquisition of Kwik-Fit, a U.K.-based auto repair chain. Ford paid $1.4 billion for Kwik-Fit and is said to be looking at potential buyers for the business as part of a $9 billion restructuring plan to focus on core activities. Analysts believe Ford will not get more than $800 million to $1 billion for Kwik-Fit. So far, five companies have delivered bids for the chain, including three U.K.-based private equity firms.
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