Rumor news wire: Chinese co sticks in late bid for Jaguar and Landrover?
Could a currently unnamed Chinese company become the ultimate come back kid and stick in a late bid for Jaguar and Landrover? The rumor mills are working overtime of late, and the TATA bid for Jaguar and Landrover hasnt yet been signed and sealed, there is always a chance that one of the bigger Chinese players has thrown a last minute bid down to the playing table.
Who it could be? SAIC although boyant after a good year of sales may not have that much left in the piggy bank, especially after buying Nanjing Automobile and 50% of Shanghai Diesel. That leaves FAW – First Automobile Works, JV partner to VW and Audi which combine to give them massive sales and plenty of loot in the bank. Does FAW have what it takes to buyout Landrover/Jaguar?
Completely off the chart, but could Chery or even Geely afford to put down the billion dollars required to JLR off Fords hands??
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