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Oracle of Delphi

Jaguar, Land Rover Announcment Coming?

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AutoWeek | Published 07/20/07, 10:32 am et

Ford Motor will disclose its plans for its two British luxury brands, Jaguar and Land Rover, next week, an official told Automotive News Europe today.

Ford last month said that it was working with financial advisors on options for its Premier Automotive Group division, which includes Volvo, Jaguar and Land Rover. PAG lost $327 million (about €237 million at current exchange rates) last year before taxes.

Press reports have said Ford expected up to six initial bids to buy Jaguar and Land Rover by a July 19 deadline.

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Edited by Pontiac Custom-S

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