Russia GAZ may be interested in Land Rover/Jaguar
If it is interested, GAZ would be on a list of potential suitors that includes private equity firms Cerberus and One Equity Partners, plus new entrants Tata Motors and Mahindra, as well as newcomers American equity firms TPG and Ripplewood Holdings. Of course, all of this is still contingent on Ford really committing to the idea of a sale at all. Concerns about what a sale of these prestige brands could do to Ford's worldwide reputation are still keeping the company from serious work on a sale.
As we reported last week, Ford hasn't given any of the bidders a complete financial picture of Jaguar and Land Rover, nor have any of the bidders even been allowed to visit the factories or speak to senior management. Potential buyers have only been told not to bid if they plan on closing factories or moving production out of Britain. We'll keep you posted.
[Source: CNN Money]
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