The chairman of JCB Heavy Products Ltd., a U.K.-based manufacturer of heavy construction machinery, says he has an interest in buying ailing Jaguar Cars fromMotor Co., the Financial Times says.
Anthony Bamford says he would consider purchasing Jaguar if“can split it off” from the Premier Automotive Group. “If they can separate Jaguar out (from Land Rover), then I’d like to buy it,” he says.
Recent media reports have said Ford is considering selling off one or more of its brands as part of its Way Forward restructuring strategy.
Bamford says he would like to see a “British solution” for Jaguar, which has been a perennial money loser for Ford.
The auto maker declines to say whether any specific brands are on the table, but Bill Ford repeatedly has said all options are being considered.
Should Bamford succeed in acquiring Jaguar, he would “get rid of the small X-Type Jaguar, keep the S-Type and redesign the XJ,” the report says.