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Old 07-02-2007, 03:57 PM   #13
henry_ford
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Join Date: Feb 2007
Location: sydney
Posts: 90
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Quote:
Originally Posted by elusiverunner
Now from someone who really knows the score .... me :. Jubilee Ford along with all the other Ford dealerships listed are not I repeat not owned by Ford of Australia. They are all owned by a group called Australian Auto Group Pty Limited which in turn is owned by a South African Company called Imperial Holdings. If you followed the provided link it will tell you something about the company's purchase of 9, now 8 Ford Dealerships.

http://www.imperial.co.za/ImperialNews.aspx

The reason Jubilee Ford has been targetted for close down is as they have said the lease is finishing up and to renew on their present site is too expensive - the site also needed extensive renovation and reorganisation, which the South African were probabley not prepared to pay plus the down turn in larger cars has meant the Jubilee Ford was not making the sort of profit that the other dealerships were making.

So as you can see it is not Ford of Australia making this dealership close, it's just a matter of profit over expenditure.

I did mention the AAG... but a nice if very indepth response.
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