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 ...
Premium Content (PAID Subscription Required)
"Ford Agrees on Kwik-Fit Sale" 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