Anorak | The Great British Car Sale Continues With Jaguar And Rolls-Royce

The Great British Car Sale Continues With Jaguar And Rolls-Royce

by | 12th, June 2007

c5.jpg WITH MG and Rover sold to the Chinese, Bentley pawned off to Germany’s Volkswagen and Rolls-Royce and Mini snapped up by BMW, it now looks as though Jaguar and Rolls-Royce will become the latest Brit motoring icons to be sold off.

The decision by the struggling US car manufacturer Ford to put the famous British car operations up for sale has left union leaders fearing the worst for their workforce.

Ford reported a loss of $282million for the first three months of 2007 are currently undergoing major restructuring with the two iconic car companies deemed to be surplus to requirements.

20,000 jobs in total could go if the two companies are snapped up by asset-strippers and Dave Osborne of the Unite union is deeply concerned. Says he: “We find it difficult to understand why Ford would want to sell a successful, growing and environmentally improving brand like Land Rover. We are very concerned to hear these reports and we are seeking an urgent meeting with Jaguar and Land Rover. Our prime concern is the job security of our members.”

Expect the Sinclair C5 to be next.

Posted: 12th, June 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink