UK unions are against any sale to a private equity group, but it’s hoped that Nasser will be able to convince them otherwise, reports The Times. The Unions, meanwhile, are hoping that Ford will retain a 30 to 50% stake in the British marques to ensure there is a long-term commitment to keeping production, research and development and stamping at existing facilities.
Companies rumored to have made it to the final round of bidding include private equity groups TPG, Cerberus, Ripplewood, Apollo and One Equity Partners, and Indian carmakers Tata and Mahindra.