Thursday, January 10, 2008
Jaguar and Land Rover sale fears grow
Fears surrounding Indian carmaker Tata Motors’ expected acquisition Jaguar and Land Rover have escalated.
Credit rating firm Standard&Poors has put the company on “credit watch with negative implications” after concluding that the acquisition could have a negative impact on the company's corporate credit ratings.
Last week Ford singled out Tata as the official frontrunner for the British brands when it announced it had entered into “focused” talks with the carmaker.
DATED: 10.01.08
FEED: MT
