Ford Motor Company is evaluating the sale or partial disposition of Kwik-Fit, its European maintenance and light repair business, and two U.S.-based businesses: Collision Team of America, a chain of collision repair centers, and GreenLeaf LLC, a chain of automotive recycling centers.

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Ford has engaged Goldman Sachs to assist with this evaluation.

On Jan. 11, Ford Motor Company announced that it was pursuing the sale of non-core assets and businesses as part of its Ford Revitalization Plan. Ford expects to realize more than $1 billion of cash from these and other potential divestitures in 2002.

“We believe Kwik-Fit, Collision Team of America and GreenLeaf LLC are good companies with strong futures,” said Nick Scheele, president and chief operating officer of Ford Motor Company. “However, we are focusing our efforts and attention on our core business – developing great cars and trucks and providing outstanding service to our customers.”

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