Will Somebody Finally Take the Jaguar In? 

Will Somebody Finally Take the Jaguar In?

Jaguar Brand

The Wall Street Journal, citing London’s Financial Times, reports that the head of a British construction-machinery group has indicated interest in buying Jaguar from Ford.

Sir Anthony Bamford, chairman of JC Bamford Excavators Ltd., or JCB, a closely held business based in Staffordshire, England, said in a statement, "I have expressed an interest in the purchase of Jaguar because I believe it is a very strong brand with great potential, which at this moment I believe is not being realized," the WSJ reported.

Ford is currently trying to restructure its operations and a sale of the money-losing Jaguar — which is part of Ford's Premier Automotive Group, which also includes Volvo, Land Rover and Aston Martin — has been rumored recently.

Ford bought Jaguar in 1989 for $2.6 billion.

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