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Ford expects to sell its Jaguar and Land Rover premium brands in the next two months but does not expect to sell them separately, Ford Europe chief John Fleming says.
"We are well on and, in two months at the most, we'll know which of the groups interested in the brands will be their new owner," Fleming told Spanish newspaper El Mundo.
Fleming also said Ford was still analysing how the sale of its Volvo brand might affect the firm.
Ford has been exploring the possible sale of Land Rover and Jaguar since June as it continues a strategic review of its global operations. It sold Aston Martin in March.
Last week, sources said bids for the luxury brands could land around the end of this month or the beginning of November.
Potential bidders include buyout firms One Equity Partners, Ripplewood, Terra Firma and Indian carmaker Tata Motors.
Asked if the two brands could be sold to two bidders, the newspaper quoted Fleming as saying: "No, not really.
"They are both very integrated and it would be difficult to sell them separately.'
Fleming said Ford was still in the process of a strategic review of what it should do with Swedish brand Volvo.
- Reuters
