Ford is to sell car repair chain Kwik-Fit for a third of the price the motor giant paid for the operation three years ago.
The Edinburgh-based business is going to private equity group CVC Capital Partners for £330 million.
The move is part of Ford's attempt to raise £650 million this year from the sale of non-core assets.
Kwik-Fit was set up in 1971 by Sir Tom Farmer in Edinburgh and is now Europe's largest maintenance and light repair operation with 2,500 service centres and around 11,000 employees.
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