2:24 pm, July 12, 2016
MONTHS after the last model of Land Rover’s venerable Defender was produced, it could be making a comeback under new ownership.
According to The Sunday Times, the billionaire chemical tycoon Jim Ratcliffe has held talks with Jaguar Land Rover with a plan to bring the historic four-wheel drive vehicle back into production.
Manchester-born chemical engineer Ratcliffe founded the multinational chemicals business Ineos in 1998 and is ranked by the Sunday Times amongst the richest Britons. He was reportedly a buyer of one of the last Defenders ever made.
While a new model is due from JLR in the next couple of years, Ratcliffe’s interests are a resurrection of the previous car – to be built in the UK, despite his own Swiss residency.
It’s not clear whether he’s aiming to fund a production line or buy the intellectual property himself.
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