No surprise: GAZ has no interest in buying Jaguar/Land Rover

Contrary to the reports that surfaced yesterday asserting that Russian automaker GAZ was interested in purchasing Land Rover and Jaguar, a spokesman for the company has officially denied the rumors. Reuters quoted Oleg Deripaska, the billionaire behind Russian Machines, the umbrella corporation that owns GAZ, as saying that, "There is no interest from my company or from our subsidiary Gaz in any of these brands." 'Nuff said? Good, we're moving on.

[Source: Reuters]

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