• Saturday, April 27, 2024

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JLR hits bumpy road amid rumours of Peugeot sale

The Queen arrives to open a JLR plant in Wolverhampton in 2014.

By: Keerthi Mohan

by Amit Roy NOT so long ago, the Tata-owned Jaguar Land Rover (JLR) was held up as the showpiece of British automotive manufacturing. But in the past few days, there have been credible reports that JLR might be sold or merge with the French group, PSA, owners of the Peugeot, Citroen and Vauxhall. “As a matter of policy, we do not comment on media speculation, but we can confirm there is no truth to these rumours,” a JLR spokesman told reporters. But Alain Le Gouguec, a spokesman for the Paris-based manufacturer, commented: “In principle, we are open to opportunities that…

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