It is expected that Ford, which had already said that Tata of India was its preferred bidder, will shortly announce that Jaguar and Range Rover will be sold to TATA for USD2 milliard.
Ford sold Aston Martin to an investment company and then put Jaguar and Range Rover up to sale, recently declaring TATA of India to be the preferred bidder. It's yet another faux pas in the recent history where, so far as the company's accounts are concerned, it's any colour you want so long as it's red.
Here's a puzzle - what's northern, big, white and grumpy? No, it's not a polar bear. It's Canada - at least when it comes to its car manufacturing industry. What's that, you say? Does Canada have a car manufacturing industry? Apparently so.
In the mid 1970s, bus engineer Roy Cotterill and his brother-in-law Rolls-Royce marketing man Lionel Gibbs sat around Roy's dining room table in Stockton on Tees, Teesside, with the plans of a secret Rolls-Royce engine project and the engineering diagrams of a Daimler Fleetline bus. Could they mate the advanced engine with a passenger transit vehicle and if so what would be the cost implications and benefits / disadvantages. And what happened to the project?
Hong Kong's Securities and Futures Commission has severely reprimanded Selina & Co Limited and reprimanded a director who, despite having responsibility for compliance matters, paid only nominal attention to those duties. It's the case that created new resolve at the SFC that compliance failures would no longer be dealt with by reprimand only.
As Lord Woolf confirms that the Court of Appeal was wrong to allow John "Goldfinger" Palmer to retain proceeds of fraud, the Home Office is deciding whether to try to use the Proceeds of Crime Act to attack the funds. Easy-peasy, says Nigel Morris-Cotterill
It may not be scientific research but the word-of-mouth system around South East England last week was that the property boom was already in the grip of a downturn as the IMF issued a report saying that it was all rosy. Last year, the UK housing market, according to some reports, soared 25% by average house price value.
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