The Week: City News - Ford marques up for grabs

The former president of Ford, Sir Nick Scheele has teamed up with the US private equity company Ripplewood Holdings to table a bid for Ford's Jaguar and Land Rover marques, the Financial Times writes. He will be up against another former Ford executive, Jac Nasser, who is leading a bid by One Equity. Others thought to be involved include Cerberus Capital Management, TPG Capital and India's Tata Motors and Mahindra & Mahindra.