Hot News: Jaguar Looks for Chinese Partner

Jaguar is “in negotiations” with a possible partner in China, Tata boss Carl-Peter Forster has said.

The partnership would see Jaguar entering into a joint venture with a firm which would both manufacture and sell its vehicles. Forster said that the firm was in "good discussions" with an un-named Chinese car maker.

He also told journalists in China that the believed the firm "tremendous potential" around the world, but it was "not as strong as we should be, most notably in China". Forster believes the firm had been "somewhat under-managed" before Tata took ownership of Jaguar Land Rover from Ford.

PSA Peugeot Citroen has this week confirmed its own assault on the luxury car market in the China, while both Volkswagen and General Motors are among several manufacturers looking to increase capacity there.

Forster added that Tata has also received a lot of overseas interest in the Nano, although no export markets have been agreed. “We have a lot of interest, certainly more interest than we can satisfy,” he said.

Thanks to: Autocar