Juicy target

Ford Motor has not made up its mind to sell Jaguar and Land Rover quite yet. But buyout shops should have their slide rules at the ready. Granted, Jaguar is deeply in the red and might never be turned around. But Land Rover has returned to profit and could tolerate some leverage. It could be a juicy target. Indeed, a Breakingviews.com analysis suggests if a buyer paid $2.7bn for both businesses - equivalent to four times Land Rover’s expected ebitda this year - a buyer could drive away with an a...