Jaguar Land Rover 'set to be sold imminently', leaked documents reveal

A spokesman for PSA - owner of Peugeot, Citroen and Vauxhall - told the Press Association that the firm was in "no hurry"

Leaked information suggests a sale of struggling Jaguar Land Rover to French car group PSA could be imminent.

It is understood a "post-sale integration document", which outlines the benefits of the two companies joining forces, is already in circulation and the firms are exploring the detail of cost savings after a tie-up.

A spokesman for PSA - owner of Peugeot, Citroen and Vauxhall - told the Press Association that the firm was in "no hurry" to make acquisitions and could "stand alone".

However Pierre-Olivier Salmon added: "If an opportunity comes, like Opel (Vauxhall), we will consider it."

PSA chairman Carlos Tavares has made no secret of his desire to acquire the UK-based luxury car manufacturer.

During an interview with Autocar India in April, he said he believed it would be good for PSA to have a luxury brand and that the company was "considering all opportunities".

One insider, who has seen the integration paperwork, said: "To have a document like this in circulation at the two firms points to the fact things are very far down the line with either a sale or acquisition.

"Just look at how close the two firms are in the UK - the two head offices in Coventry and Gaydon are just 25 miles apart and both firms make cars in the UK.

"There are plenty of ways the two companies could save money by working together."