Deripaska eyes Land Rover, Jaguar

Billionaire tycoon Oleg Deripaska, the head of Russian automaker GAZ, is interested in Ford’s premium British brands Jaguar and Land Rover, reports Reuters, citing German business weekly WirtschaftsWoche. The magazine said Deripaska would also be a possible bidder for Volvo should Ford decide to sell the Swedish brand. Another firm owned by Deripaska, Basic Element, agreed in May to invest $1.54bn in Canadian auto parts supplier Magna.

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