'KPMG reviewing Jaguar and Land Rover books'
KPMG role at Ford subsidiaries may signal sell-off
Unconfirmed reports in the
Sunday
Times claim that KPMG has been called in to examine the books
of Ford subsidiaries, Jaguar and
Land Rover, in a move which if proved
accurate, would confirm Ford’s plans to sell the two UK-based units.
Last month, the BBC learned that Ford had already briefed MPs on a possible
sale of the two manufacturers.
Both Jaguar and Land Rover would not comment, when contacted by the BBC.
Jaguar has about 10,000 staff at sites in Coventry, Birmingham and Liverpool,
while Land Rover employs about 9,000 in the West Midlands and Warwickshire.
Further reading:
SEC looks into Ford restatement