Ford to receive bids for Jaguar, Rover: reports
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The Ford Motor Company  is  expected to receive opening bids on Thursday for its Jaguar and  Land Rover brands from a number of companies including private  equity firms and other automakers, the New York Times reported  on Thursday, citing people with direct knowledge of the  situation.
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Cash-strapped Ford Motor Co. took a step yesterday toward selling its Jaguar and Land Rover units when it received an undisclosed number of opening bids for the British automaking businesses.
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A private equity arm of JPMorgan Chase  & Co.  is eyeing some of Ford Motor Co.'s  luxury  brands, a source familiar with the matter said on Friday, the  latest sign the struggling carmaker is looking to unload assets  as part of a turnaround bid.
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The British government has contacted Ford following a report the US automaker is to sell luxury brands Jaguar and Land Rover, an official spokesman said Tuesday amid concern for the fate of British jobs.
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Ford Motor Co.  and the United  Auto Workers union are planning to offer buyouts to all the  company's U.S. workers, the Wall Street Journal reported on its  website on Thursday.
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DETROIT -- Ford Motor Co. picked India's Tata Motors Ltd. as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday.
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"We hope both parties can reach an agreement in the forthcoming weeks, though these are complex discussions and there is still much work that needs to be done before that position is reached."  Ford Motor Co. picked India's Tata Motors Ltd. as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday. Ford has entered into "focused negotiations at a more detailed level" with Tata, meaning it has become the preferred bidder for the storied British automakers, the company said in a statement. "There is still a considerable amount of work to do, and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned," Lewis Booth, executive vice president of Ford's European units, said in a statement. Read more
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Ford picked Indiaâs Tata Motors as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said.
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Ford Motor Co.  said on Tuesday it was working with financial advisers on the best options for its European luxury brands Jaguar and Land Rover as it continues a strategic review of its global operations.
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Ford confirms that India's Tata Motors will be the likely buyer of its UK-based Jaguar and Land Rover brands.
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India's Tata Group is interested in acquiring Ford Motor Co's  Jaguar and Land Rover brands, the Indian conglomerate's chairman Ratan Tata said in remarks released on Friday.
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Ford Motor Co  on Thursday selected  Tata Motors Ltd  as the front-runner to buy Jaguar and  Land Rover, placing India's top truckmaker in a position to  take over two storied British luxury nameplates.
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Carmaker Ford  said on Thursday that India's Tata Motors  was the front-runner to buy its European brands -- Jaguar and Land Rover.
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DETROIT -- Ford Motor Co. has received several bids for its Jaguar and Land Rover units, but a spokesman said they were preliminary and no sale of either British automaking business was imminent.
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Britain said Tuesday it has contacted ailing US automaker Ford amid concern for 19,000 British jobs following a report that Ford sought to sell its British luxury brands Jaguar and Land Rover.
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Ford Motor Co F.N reiterated on   Wednesday that its Jaguar and Land Rover brands were not for   sale but said it would continue to examine all its options.
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PARIS/MUMBAI  - Three bidders for Ford's Jaguar and Land Rover marques remain in the process, said a person familiar with the matter on Friday, but India's Tata still looks favorite to seal a deal which may not come until the new year.