Ford looking to buy Brazilian automaker Troller
(autoinsidernews) - Ford already has three assembly plants in Brazil and has 12 percent of the Brazilian market share, but, according to off-road vehicle maker Troller Veiculos Especias, Ford of Brazil is in discussions with Troller, which may lead to its sale to the U.S. automaker. Troller makes two vehicle models: the T4 (shown), which is based on the design of the Willys Jeep, and a pick-up truck called Pantanal. The automaker, founded in 1997, has 500 employees and produces about 100 vehicles a month.
The negotiation is taking place indeed, but the deal hasn't been closed, said Troller's communications department, reports Trend.
The talks with Troller come as Ford's president for Brazil and Mercosur Barry Engle was brought back to the U.S. to help with the automaker's U.S. restructuring plan.