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The Premier Automotive Group was formed in 1999 under then-CEO Jacques Nasser and grew to include the Lincoln, Mercury, Aston Martin, Jaguar, Land Rover and Volvo brands. Forbes estimated that, by 2004, Ford had spent $17 billion building on acquisitions to form PAG. [2] In 2002, Lincoln and Mercury returned to Ford's direct control.
Ford Aerospace was the aerospace and defense division of Ford Motor Company.It was based in Dearborn, Michigan and was active from 1956 (originally as Philco and then Philco Ford) through 1990, when it was sold to the Loral Corporation.
Premier Automotive Group; A. Aston Martin; L. Lincoln Motor Company; M. Mercury (automobile) V. Volvo Cars This page was last edited on 1 April 2013, at 00:22 ...
He then was named executive vice president, Ford of Europe and Premier Automotive Group, where he led all activities for Ford's premium vehicle business group and for Ford brand vehicles manufactured and sold in European countries. Ford’s European operations returned a profit in 2004 for the first time since 1997. [11]
Between 1999 and 1 May 2002, [2] Reitzle was the head of Ford's Premier Automotive Group, overseeing the Volvo, Jaguar, and Land Rover marques.
San Jose Assembly was a Ford Motor Company manufacturing site in Northern California, outside of San Jose in what is now the town of Milpitas. It was the automaker's primary factory in that region from 1955 to 1983, [ 1 ] [ 2 ] replacing the Richmond Assembly facility.
A Beechcraft Model 390 (Premier 1) aircraft, a light private business jet, was carrying six passengers and two crew when it crashed near Elmina township at 2.08 p.m. (0608 GMT), just before it was ...
Ford saw advantages in acquiring a profitable prestige mid-size European automobile manufacturer, well renowned for its safety aspects, as an addition to its Premier Automotive Group. The buyout of Volvo Cars was announced on 28 January 1999, [26] and in the following year the acquisition was completed at a price of US$6.45 billion.
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