We use cookies on whatcar.com to improve your browsing experience and to provide you with relevant content and advertising, by continuing to use our site you agree to this. Please see our privacy policy for more details. Continue

Ford may sell Jaguar

03 August 2006

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.'

Haymarket Logo What Car? is brought to you by Haymarket Consumer Media
What Car? is part of Haymarket Motoring
© Haymarket Media Group 2014