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Cerberus had talks over Jaguar, Land Rover

From Reuters| June 19,2007

NEW YORK (Reuters) - Ford Motor Co. had preliminary talks with Cerberus Capital Management about selling Cerberus its Jaguar and Land Rover brands, but the discussions have been inconclusive, according to a report on the website of The Wall Street Journal.

Ford expects a sale of the Jaguar and Land Rover brands to take at least a month and possibly longer, the Journal said, citing two people familiar with the matter.

Ford and Cerberus were not immediately available for comment.

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