Wednesday, March 19, 2008
Tata homes in on Jaguar and Land Rover
Tata is closing in on deal with Ford to acquire its Jaguar and land Rover brands.
The Indian carmaker is believed to have secured a £3bn (£1.5bn) one-year bridge loan from US banks Citigroup and JP Morgan.
According to Reuters, a deal has been signed but the financial agreement is still at an early stage.
DATED: 19.03.08
FEED: MT
