According to Reuters, Jaguar and Land Rover may be up for sale – again. Ford has hired Goldman Sachs along with other investment banks to consider a deal and might end up packaging the two British automakers – one seriously troubled, while the other moderately so – together to make a more appealing buy for some (likely) foreign investor (my bets are on an investor or investment group from China or the Near-East).
Then again, this could all be wild speculation. Ford has mull-alyed over selling the Coventry Cat before. Fiscally, they’d be wise to do it – Jaguar’s lost the Blue Oval money every year since Detroit bought the struggling British icon back in 1989.
Is something revolving? Or is this just a little bit of history repeating?