Thousands of workers at Vauxhall in the UK will have to wait to see who is being lined up as the carmaker’s new owner after a key meeting ended today with no decision.

Car giant Ford will not make an announcement about the sale of its Jaguar and Land Rover subsidiaries until late this year or perhaps early 2008, the head of the company’s European operations said today.

Wall Street waffled before finishing lower today as oil prices also see-sawed and traders weighed lacklustre earnings from Xerox Corp against a surge in housing prices.