BREAKING NEWS: British reports lead Jaguar to the hands of Russian Automaker GAZ !

As crazy as it may seem, British newspapers & news sites like Manchester Evening News, Lanchashire Evening Post, Autowired, Motortrader & Yorkshire Post are spreading the news: "Russia's sixth richest man, Oleg Deripaska who has an estimated $14,5bn fortune and is eager to expand his GAZ motor empire, is considering whether to make a bid for struggling British car maker Jaguar"

Although this is the second time in a year that Jaguar has been up for sale (a few months ago Renault & PSA Peugeot Citroen were linked to the British marque, both being rebutted with the same response from Ford: "Jaguar is not for sale") Ford seems to mean business now.

Following last weeks $254m second-quarter loss �compared with a profit of $946 million a year earlier, Ford's embattled chairman, Bill Ford, announced that Goldman Sachs banker Kenneth Leet, a long-time company adviser, would be exploring 'a broad range of strategic alternatives'. Although he did not refer directly to Jaguar, everybody linked it to the premium British automaker.

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