It has been announced today that the Ford Motor Company has instructed Goldman Sachs, Morgan Stanley and HSBC to sell off the Luxury brands of Jaguar and Land Rover.
Both Renault and Fiat have been speculated to be interested in buying the marques but have both denied any interest.
The private equity group Alchemy Partners has also denied a news report that they were lining up a £3bn ($5.91bn) offer for both.
Rumours of job losses and further plant closures in the West Midlands have been rumoured for both Land Rover and Jaguar in recent years.
The sale of Britain’s Rover marque in 2005 lead to the loss of around 6000 jobs in the West Midlands
Tags: ford, india, jaguar, landrover, takeover, tata, uk
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