Tuesday, November 20, 2007
Race for Jaguar and Land Rover narrows to two?
The race to acquire Land Rover and Jaguar is believed to have narrowed to two contenders.
One Equity, a finance group led by the former Ford chief executive Jacques Nasser, and the Indian carmaker Tata are now the preferred bidders, according to the Times newspaper.
An offer from Mahindra & Mahindra remains on the table but Ford is believed to be focussing on the other two bids, which are thought to be worth up to £1bn, and fairly similar in their content.
DATED: 20.11.07
FEED: MT
