Ford is exploring the sale of the two luxury units and continues to talk to potential suitors. The automaker is also reviewing options for its Swedish Volvo brand.
Potential bidders include buyout firms One Equity Partners, Ripplewood, Terra Firma and TPG, as well as Indian carmaker Tata Motors, sources have said earlier.
Land Rover expects to be profitable this year, but Ford has struggled to make money with Jaguar. The brand remains the biggest drag on the results of Ford's luxury division.
Ford does not break out financial results of individual brands.
The businesses were given a combined value of $1.3 billion to $1.5 billion ($NZ1.75-2bn) in March by Merrill Lynch analysts.
Asked if the two brands could be sold to two bidders, the newspaper quoted Fleming as saying: "No, not really. They are both very integrated and it would be difficult to sell them separately."
Fleming said Ford was still in the process of a strategic review of what it should do with Swedish brand Volvo.
"Volvo is a fundamental partner in the development of safety and environmental technology. It would be very dangerous to hand it over to a competitor," he said.
Sources: http://investing.reuters.co.uk/news/...STMENTS-DC.XML
Ford happy with interest in Jaguar and Land Rover - 17 Oct 2007 - Motoring News - New Zealand Herald
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