Ochdx

Ford may have refused to sell its profitable Volvo unit to Renault, but a new report suggests that the company is now considering selling its struggling Jaguar division to the French automaker. Renault, which owns Nissan, is reportedly looking to acquire an upscale European brand to increases its competitiveness in the luxury segment. The report, published in the December issue of French magazine L’Expansion, refers to Jaguar acquisition plan as Renault/Nissan CEO Carlos Ghosn’s “secret plan.” In October, we reported that Renault had not given up on plans to acquire a premium marque. Renault is said to have approached Ford with an offer to buy Volvo, but Ford reportedly rejected that offer. While Volvo has been largely profitable for Ford, Jaguar has been plagued by continual loses since Ford acquired the brand in 1989. Recently, Ford CEO Bill Ford said the company’s Premier Automotive Group — which consists of Volvo, Jaguar, Aston Martin, and Land Rover — would be profitable in 2006.

http://www.leftlanenews.com/?p=829

M Type X

Ford should pull the plug on PAG and put money into Lincoln-Mercury.

GSRRacer95

I wish Ford would let Volvo go. The quality of there parts have gone to shit. We do more warranty work now than ever before. Plus the training sucks now. Oh well, Ford sucks!

jaje

i liked volvo before ford bought them and have been stealing their technology...hope they sell them off but probably not since volvo is doing better than ford itself is...i'm sure they'll suck the life out of them and destroy the brand's image

AcuraFanatic

So it's gone from British to American to now French possibly. :crazyr: