PSA is remaining tight-lipped concerning rumours it might be looking to acquire Jaguar Land Rover, although it noted it was “open to opportunities.”
Reports are circulating in the UK JLR could be sold as the Tata Motors-owned British manufacturer looks to arrest sales falling 5.8% year-on-year, with the China market plunging 34% reflecting weaker conditions.
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The rumours mention an apparent document examining any potential benefits from a merger of JLR with PSA.
“As we have always said, in principle we are open to opportunities which could create long-term value for Groupe PSA and its shareholders,” a PSA spokesman said in a statement sent to just-auto from Paris.
“As for the document, we have no knowledge of a document of this type.”
Tata Motors was not immediately available for comment.
