Ford today announced its "intent to sign an agreement" to sell Kwik-Fit, the company's European maintenance and light repair business, and that it has completed the sale of Collision Team of America (CTA), a US-based chain of collision repair shops. Upon sale of these two entities and with previously announced divestitures, the company is on track to meet its revitalisation plan goal to raise $US1 billion in cash this year from the sale of non-core operations.