Former Jaguar Land Rover CEO Bob Dover has entered the bidding for two Ford Motor premium brands, according to the UK’s Daily Telegraph newspaper.
The report says Dover is working with US-based private equity group TPG to prepare a 1.48 billion to 2.22 billion euro bid for the two brands.
Ford declined to comment on the report.
“It would be inappropriate for us to comment on any of the bidders involved in the process at this time,” said Jay Ward, a spokesman for Ford’s Premier Automotive Group. He refused to give any indication as to when the sale might be resolved, saying the process would “take as long as it takes.”
Dover headed Jaguar Land Rover between October 2001 and September 2003.
Together with Volvo, the Jaguar and Land Rover brands make up the Premier Automotive Group, a Ford subsidiary set up in 1999 to oversee the US automaker’s premium brands. In March, Ford sold a majority of a fourth PAG brand, Aston Martin.
Another former Ford executive in bid for Jaguar, Land Rover
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