GO
Loading...

Enter multiple symbols separated by commas

Ex-Ford COO Scheele Enters Bidding for Jaguar, Land Rover: FT

Sir Nick Scheele, Ford Motor's chief operating officer between 2001 and 2005, has entered the bidding for Jaguar and Land Rover, the Financial Times reported.

He has joined forces with Ripplewood Holdings, one of half a dozen groups doing due diligence on the U.S. carmaker's U.K. premium brands, people close to the sale told the newspaper.

Jac Nasser, who served as Ford's chief executive officer from 1999 to 2001, is leading a separate bid by One Equity, the buyout group.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.