The purchase of both companies would be a drop in the pond for TPG, which has the brains and cash to turn both around. A Ford spokesman was quoted as saying “we’ve been here a long time. We understand our responsibilities toward our businesses and our employees” earlier this week. Ford retained a small share in Aston Martin when it sold the firm earlier this year, and it’s expected they’ll do the same with Land Rover and Jaguar.
Ford has said it will make an announcement next week regarding the future of the companies and will select two bidders that will begin their due diligence soon.