Tata Pulls Ford Units Into Its Orbit
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The Indian company said it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover.
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Ford Motor Co  said on Thursday India's Tata Motors Ltd  was the front-runner to buy its European brands Jaguar and Land Rover, which the U.S. carmaker is selling to counter mounting debt.
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Ford is understood to have chosen three investment banks to help it sell Britain's Jaguar and Land Rover.
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India's Tata Motors, named front-runner to buy Ford's Jaguar and Land Rover units, could make a huge technological leap and save years of development by acquiring the car icons, analysts said.
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The chairman of Indian conglomerate Tata has confirmed that he is interested in making a bid for Jaguar and Land Rover.
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A variety of companies, including private equity firms and possibly other automakers, have been preparing bids to buy two of Fordâs luxury brands.
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India's Tata Motors on Thursday unveiled its much anticipated $2,500 car, an ultra-cheap price tag that brings car ownership into the reach of tens of millions of people
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Ford Motor Co  is poised to name  India's Tata Motors  as preferred bidder for its  Jaguar and Land Rover brands, Britain's Sunday Times newspaper  reported.
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Tata Group's new status as the world's fifth-largest steel firm signals a milestone for the Indian economy.
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Automaker Ford Motor  may sell Land  Rover, a maker of four-wheel-drive vehicles, along with Jaguar,  as part of a shake-up of its British brands, The Sunday Times  newspaper reported.
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Ford Motor Co  said on Tuesday it plans to invest $500 million in India to double manufacturing capacity by 2010 and make a small car and engines to compete more effectively in the fast-growing market.
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Ford Motor Co  is poised to name India's Tata Motors  as preferred bidder for its Jaguar and Land Rover brands, Britain's Sunday Times newspaper reported.
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The chairman of Indian conglomerate Tata confirms that he is interested in making a bid for Jaguar and Land Rover.
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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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Further job cuts, spending cuts and changes in FordÂs lineup of car and trucks are also expected.
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Ford Motor Co.  announced on  Thursday a shake-up of its top management intended to  streamline vehicle development efforts and bring Chief  Executive Alan Mulally closer to key operations.
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Bids are expected on Thursday for Fordâs Jaguar and Land Rover units from a variety of companies, including private equity firms, and possibly other automakers.