Ford to launch review of operations such as Jaguar

According to a report from the Wall Street Journal, Ford is launching a strategic review of operations concerning mainly the PAG Group (Premium Automotive Group). Ford's PAG Group that includes Jaguar and Volvo, has announced a pre-tax loss of $162 million for the second quarter of the year

The report says Kenneth Leet, who has led mergers and acquisitions teams at Goldman Sachs Group Inc. and Bank of America will lead the review. Leet will be reporting straight to Ford CEO, Bill Ford, who is under a lot of pressure from the carmakers board to take more dramatic moves in the restructuring efforts. Ford spokesman Tom Hoyt declined to comment on the story.