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Jaguar/Land Rover sale 'deadline set for July 2007'

By Jamie Butler Motor Industry 09 July 2007 11:28 Potential buyers circling Jaguar and Land Rover have until 19 July to table a bid, it was revealed at the weekend. Ford is preparing to sell both luxury car makers together, although it may consider bids to buy them separately. It is thought that the most likely buyers are private equity investors, as several car manufacturers have already publicly declined the offer to buy the historic brands.

Obama sought Ghosn to run GM, ex-car czar says

The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout of General Motors and Chrysler. Steven Rattner, President Obama's auto adviser who steered the government's $85 billion bailout of GM and Chrysler, is about to publish a tell-all account about his six-month stint inside the White House. The Detroit News, Washington Post and Huffington Post obtained draft copies of the book--"Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry." It is scheduled to be published Oct.

Chrysler to begin building the next Jeep Grand Cherokee in May

Chrysler Group will begin building the 2011 Jeep Grand Cherokee--the first salvo in an effort to restore a product-starved lineup--on May 3, CEO Sergio Marchionne said Tuesday. Marchionne told an industry conference in New York that sales of the redesigned Grand Cherokee will begin in July. Chrysler plans to have 100 percent of its existing lineup refreshed or replaced by the end of 2012, as a wave of new products derived from the alliance with Fiat S.p.A.