Ford Motor Co.'s recent hiring of Wall Street merger-and-acquisition guru Kenneth H.M. Leet as an advisor to chairman and CEO Bill Ford is stirring industry speculation a major shakeup is in the works, including a possible sale of Jaguar Cars. Ford’s recent revision of its second-quarter loss to $254 million, more than doubling the $123 million reported in July, is further indication the auto maker is in more trouble than first thought. While confirming Leet’s Aug. 2 hiring, Ford ...

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