UPDATE: Russian automaker GAZ says no to Jaguar

Days after reports that Gorky Automobile Plant (GAZ) owner Oleg Deripaska was interested in purchasing the brand from Ford Motor Co., a spokesperson for the maker of the Volga announced that the automaker is not interested after all. GAZ, she states, is only interested in commercial vehicles and powertrains, not entire brands. Ford has yet to respond to this new development.

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[Source: Verdict On Cars via Reuters UK]

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