exec Nick Scheele is joining former Ford CEO Jacques Nasser
as potential buyers of the Blue Oval's remaining British marques
. Scheele has joined Ripplewood Holdings as an advisor, as Sir Nick has intimate knowledge of Jaguar
from his time as leader of the brand in the 90's, and he was in charge of Ford of Europe when Ford purchased Land Rover
. Ripplewood partner and former Chrysler
President Tom Stallkamp recruited his old pal Scheele to help analyze the potential purchase. By some accounts Jaguar has lost over $10 billion for Ford since since the automaker was purchased in 1989, and a great deal of the financial and product disasters occured when Scheele was steering the ship in Europe. Hey, former Ford Exec Jim Padilla also ran Jaguar once, maybe he's next to get in on the bidding.
[Source: Automotive News - Sub. Req.]