Britain Selling Leyland's Jaguar

Britain Selling Leyland's Jaguar
REUTERS
Published: May 23, 1984

Jaguar, a British automobile legend, is to be sold back into private hands later this year after becoming the most profitable part of the big state- owned British Leyland group, the Government said in what had been a long-expected announcement.

Jaguar was close to bankruptcy in the late 1970's when shoddy workmanship and late deliveries badly hit sales. But the car maker rehabilitated itself and sales are now booming again. The Conservative Government intends to return British Leyland to private ownership in a series of steps and Jaguar was chosen as the first division to be sold off because of its recent success.