One of Ford's most senior executives has poured cold water on speculation that the company is planning to abandon Jaguar.
A sale of the loss-making West Midlands-based luxury brand has been touted by commentators since Ford announced last week that it had recruited former Goldman Sachs and Bank of America mergers and acquisitions specialist Kenneth Leet as adviser to group chairman and chief executive Bill Ford.
But comments by Mark Fields, Ford's president of the Americas and a former head of Ford of Europe, in the US yesterday suggested it would keep Jaguar, which sits alongside Land Rover, Aston Martin and Volvo in the group's Premier Automotive Group of luxury European brands.
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