Tuesday, February 26, 2008
Ford and Tata to announce Jaguar deal?
Ford could announce the sale of luxury brands Land Rover and Jaguar to Indian carmaker Tata Motors as early as next week, a source familiar with the matter told Reuters.
The deal has been set to go ahead since a meeting between Unite, the UK’s largest trade union, and Tata took place last week and could be announced as early as 5 or 6 March.
Tata has been the favoured bidder for Land Rover and Jaguar since the beginning of 2008.
It had been up against fellow Indian carmaker Mahindra and Mahindra and American company OneEquity.
DATED: 26.02.08
FEED: MT
