JLR boss stops short of denying PSA takeover rumours
Leaked documents suggest PSA could buy JLR. Boss Dr Ralf Speth says he has not discussed a sale but doesn’t deny moves are afoot
Jaguar Land Rover boss Dr Ralf Speth has insisted that he has not discussed any sale of his company to PSA with the French giant’s chief Carlos Tavares – but he has stopped short of quashing increasing speculation that the British brands could soon face a change of ownership.
Reports last week suggested that PSA is keen to acquire the Jaguar and Land Rover brands from existing owner Tata, in a bid to widen its portfolio to include more premium vehicles. Speaking at the Financial Times Future of the Car Summit, Jaguar Land Rover boss Dr Ralf Speth said that he “couldn’t confirm discussions” – but he declined to deny that any talks had taken place.
“I meet Carlos Tavares at an ACEA [European car manufacturer’s association] meeting,” Speth said, “but we didn’t have any discussion about ownership.”
When asked more directly if he knew of any talks between PSA and Tata, Speth replied, “There are rumours, but I cannot really confirm any of these discussions.”
https://www.autoexpress.co.uk/jaguar/106786/jlr-boss-stops-short-of-denying-psa-takeover-rumours
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.