Ford Motor Co restructuring after a...

Ford Motor Co restructuring after a $144 billion first-half los may exchange some luxury-auto brands to an investment clump led by former Chief Executive Officer Jacques Nasser, four race familiar with the discussions said.

The talks focus forward Jaguar and Land Rover, said united of the people, who didn't want to be identified because the negotiations are private. The discussions are with JPMorgan Chase & Co.'s common Equity Partners LLC, where Nasser is senior partner for merger and acquisitions, the the bulk of mankind said.

Nasser, fired by the agency of Ford five years ago, created the company's Premier Automotive cluster including European brands Jaguar, Land freebooter and Volvo. As late as 2004 Ford was counting in succession the group to generate one-third of its automotive profit according to 2006. Ford says Premier will fail to win money this year.

Ford is considering a number of options. forward Friday, the automaker announced the resignation of board member Robert Rubin, chairman of Citigroup Inc. and a Ford director for six years. In a epistle to CEO William Clay Ford Jr he cited potential conflicts of interest as Citigroup advises the automaker in succession possible asset sales.

In addition, Jamie Rubin, Robert's son is a partner at Nassar's the same Equity.

The talks with Nasser, which could eventuate in a joint venture rather than an outright acquisition, don't involve Volvo a source said. The conversations are said to be cordial, partly because Nasser, 58 has been onward good terms with his successor as CEO Ford, 49

Shares of Ford rose 24 cent or 31 percent to $8 in succession the New York Stock Exchange.

Meanwhile, the United Auto Workers has inviteed local presidents and chairmen to Detroit in succession Tuesday to discuss what single in kind local leader said would be possible buyouts from head to foot Ford, similar to the single in kinds offered by rival General Motors Corp. earlier this year. Ford has been offering buyouts onward a plant-by- plant basis.

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