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Ford rejects Renault bid for Jaguar, report says

Reuters
Automotive News

LONDON -- Ford Motor Co. has rejected an approach from Renault SA to buy ailing luxury-car maker Jaguar, the Sunday Times newspaper said.

The paper, citing senior motor industry sources, said Renault had expressed its interest in acquiring Jaguar to Ford last year, but Ford's chiefs, led by CEO Bill Ford, were understood to have rejected the French firm's overtures.

Neither company was immediately available for comment.
 
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