Unite the Union, one of the largest general trade unions in the U.K., is keeping a close eye on Ford Motor Co. as the beleagured auto maker attempts to sell off its Jaguar Cars and Land Rover subsidiaries. Most worrisome to union leadership is the possibility that Ford could sell to a private-equity group, much like Daimler AG did when it sold off Chrysler Group to Cerberus Capital Management LP. “We cannot let the plants fall into the hands of private-equity asset strippers,” says Tony ...

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