Independence is admirable, but it’s holding JLR back
SENIOR car industry figures were in London last week for the annual two-day Financial Times Future of the Car Summit. It’s a chance for leading CEOs to get their company message across – or, in the case of Jaguar Land Rover boss Dr Ralf Speth (above), an opportunity to deny rumours that his company could soon be bought by French giant PSA, which already owns Peugeot, Citroen, DS and Opel/Vauxhall. But when it came to the crunch question on whether he was aware that talks had taken place between PSA and JLR’s current owner Tata, Speth’s response was limp at best. “There are rumours,” he acknowledged, “but I cannot really confirm any of these discussions.” There is an increasing belief that JLR might well benefit from a switch of owner. Acquisition by…