Ford may sell Jaguar , Land Rover , and Aston Martin to an investment group led by former CEO Jacques Nasser, according to Bloomberg. Nasser created the Premier Automotive Group, which includes the three brands plus Volvo . Nasser was fired by Ford five years ago. As late as 2004, Ford was counting on the PAG to generate one-third of its automotive profit by 2006. Ford says Premier will lose money this year. The talks with Nasser — which could result in a joint venture rather than an outright acquisition — don’t involve Volvo, the report said. Yesterday, we reported Sir Anthony Bamford, chairman of of JCB, was interested in acquiring Jaguar if it could be separated from Land Rover.
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