Ford Puts Warranty Business on the Block
From the Associated Press
Ford Motor Co. has put its extended warranty business, Automobile Protection Corp., up for sale as part of its effort to become leaner.
Dearborn, Mich.-based Ford bought the business, which mainly sells warranty service contracts that continue beyond manufacturers’ warranties, for $180 million in 1999.
Ford would not disclose the Atlanta-based business’ earnings but said it had grown in sales and revenue since it was acquired.
