Ford Picks India's Tata for Jaguar, Report Says
By Michelle Krebs December 17, 2007Ford reportedly will name India's Tata Motors as preferred bidder for its Jaguar and Land Rover brands, according to Britain's Sunday Times.
The paper, in a story picked up by Reuters news service, said Tata will pay about $2 billion for the brands. The deal could be wrapped up in early 2008.
Tata's Indiana competitor, Mahindra & Mahindra, with private equity firm One Equity Partners, led by former Ford CEO Jacques Nasser, also bid on the British brands.
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