Ford may sell Jaguar
- American parent company losing millions
- Jaguar in the red, despite new XK
- Ford 'reviewing the business'
Jaguar's XKR might have been one of the British motor show stars, but the firm is still in trouble - and it could be sold by parent company Ford.
The American giant has just announced net losses of $254m (£135m) for the second quarter - and it has brought in a former investment banker to review all of its car brands and study the possibility of mergers with other firms.
Jaguar lost over £400m in 2004, and last year Ford pumped £1.2bn into the brand to keep it afloat. However, sales are continuing to drop and investment in future models appears to be waning, too - only the saloon version of the 2008 S-type is under development, potentially denying the sales boost an estate version could provide.
Ford has declined to comment on the potential sale of Jaguar, but a spokesman told the BBC, 'Bill Ford has said that everything is on the table. We are reviewing the business.'
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