Mr. Keith Williamson

Ford Investment Enterprises Corporation Director Keith Williamson and CEO of the new Sydney joint venture Ian Dale confirmed today that Ford Motor Company, through its investment arm Ford Investment Enterprises Corporation Australia Pty Ltd (FIECo), has reached agreement with 15 of its Ford dealers in Sydney to establish a Retail Joint Venture (RJV) that will combine the operations of those Ford dealerships.

It is committed to investing in the Sydney RJV and growing Ford's market share in Sydney," said Ford spokesman Keith Williamson.

"Imperial Holdings currently owns the largest network of motor dealerships in South Africa," said Ford's Investment Enterprises Corporation Australia director Keith Williamson.

"It is committed to investing in the Sydney RJV and growing Ford's market share in Sydney."

Mr Williamson said Ford would work closely with Imperial Holdings and the independent dealerships to ensure a smooth transition to the new ownership structure.

"All dealerships will continue to operate under the same trading names, ensure continuity for customers and honour all warranty and contractual obligations," he said.

>"Imperial Holdings currently owns the largest network of motor dealerships in South Africa," said Ford's Investment Enterprises Corporation Australia director Keith Williamson.

"It is committed to investing in the Sydney RJV and growing Ford's market share in Sydney."

Mr Williamson said Ford would work closely with Imperial Holdings and the independent dealerships to ensure a smooth transition to the new ownership structure.

"All dealerships will continue to operate under the same trading names, ensure continuity for customers and honour all warranty and contractual obligations," he said.