DETROIT (AP) _ Ford Motor Co. (NYSE:F), after losing $123 million in the second quarter, is starting a review of poorly performing units including Jaguar, with an eye toward possible sale of some operations, according to a published report.

Ford also is considering an alliance with other automakers, a move that General Motors Corp. (NYSE:GM) is considering, the Wall Street Journal reported Wednesday, citing unidentified people close to the situation.

``We have nothing to announce at this time,'' Ford spokesman Tom Hoyt said Wednesday morning.

Ford has been losing market share to Asian manufacturers for a decade and has been badly stung by high gasoline prices because big trucks and sport utility vehicles account for a majority of the vehicles it sells.

For the first time last month, it sold fewer vehicles than Toyota Motor Corp. in the United States.

According to the Journal report, the Dearborn, Mich.-based automaker is naming former investment banker Kenneth Leet to lead the review of its ailing operations.

The newspaper said the team will consider whether Ford should sell underperforming brands or seek alliances with other automakers.

It said the team also will look at the automaker's financing arm, Ford Credit, whose borrowing costs have risen because of Ford's credit downgrades below investment grade.

Ford, which acquired Jaguar in 1989, last month lowered the financial goal for its Premier Auto Group, which includes Jaguar, Volvo, Aston Martin and Land Rover.

Ford's U.S. sales totalled 224,447 vehicles in July, down 35 per cent from a year earlier. Toyota's July sales were 241,826 vehicles, up 12 per cent.

Ford's ``Way Forward'' restructuring plan, launched six months ago, calls for shedding 25,000 to 30,000 jobs and closing 14 plants by 2012.

By year's end, the company will have cut production capacity 15 per cent and will be one-third of the way toward its targeted employee cuts, chief executive Bill Ford has said.

The company's loss of $123 million in the April-June period contrasted with a profit of $946 million in the second quarter of last year. Revenue fell six per cent to $41.97 billion.

2006 Jaguar XK Victory Editions

The 2006 Jaguar XK Victory Editions: A Celebration of Jaguar's Success in Trans-Am Racing

Making their world debut today at the 2005 Los Angeles Auto Show, the 2006 model year Jaguar XK Victory Editions celebrate Jaguar's four championship wins in the North American Trans-Am road racing series and add to a successful lineage of special and limited edition XKs introduced since its launch.

Now a familiar sight on the racetracks of North America, the mighty 650 bhp racing version of XKR Coupe has achieved three of four outright Manufacturer's Championship wins in the Trans-Am Series for Jaguar. For the 2004 season the Jaguar R Performance XKR, driven by Paul Gentilozzi, propelled him to his 29th career Trans-Am victory, tying the legendary Mark Donohue's career Trans-Am win record.

From the landmark XK120 sports car that first introduced the famous XK name in 1948, through the XK8 and XKR Coupes and Convertibles of today, the XK nameplate has become synonymous with style, luxury, performance and grand touring ability.

"The XK Victory Edition is not only a celebration of the XK's success in Trans-Am, but also its enduring success as one of the world's great-looking sports GT cars," stated C.J. O'Donnell, executive vice president of Marketing, Sales and Communications for Jaguar North America.

There will be a special Victory Edition of each of the four XK models: XK8 Convertible, XK8 Coupe, supercharged XKR Convertible and supercharged XKR Coupe. All models share the same sensuous lines and flowing curves that give the XK its seductive profile.  Just 1,050 of the special Victory Edition XKs will be available in the US beginning in June 2005.

The XK8 Coupe and Convertible continue to be powered by the normally aspirated, 294 horsepower, all-aluminum AJ-V8 Jaguar engine, while the supercharged XKR derivatives again pack a potent 390 horsepower.  For the XKR Trans-Am racecar, power comes from a highly tuned version of the normally aspirated 4.2-liter AJ-V8 road car engine developing a massive 650 bhp.

The special XK Victory Edition road cars will arrive in four exclusive, limited-edition exterior colors (other standard XK colors will also be available on Victory Edition models)―Black Copper Metallic, Frost Blue Metallic, Bay Blue Metallic and Satin Silver Metallic―with four interior colors and two distinct veneer options for the dashboard to create 18 possible combinations from which to choose. Victory Editions will offer a Carbon Fiber interior package on all XKR models, as well as feature a new Elm wood veneer on all XK8 models. If you are looking for bmw m performance, check out here.