Tata Pulls Ford Units Into Its Orbit
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Tata Motors said that it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover, confirming what investors and analysts have anticipated for months.
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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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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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Ford in negotiations with Indian automaker over sale of its two subsidiary luxury brands.
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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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If Ford decides to sell successful Swedish luxury unit Volvo, it could mean a lack of strong bids for its Jaguar and Land Rover units at a time when Ford is restructuring its North American operations, analysts said on Monday.
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For the first time in its history, Ford is mortgaging its assets, including factories, equipment and trademarks.
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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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Ford Motor Co. said Tuesday it was reviewing its position on its Jaguar and Land Rover businesses, and union officials pressed for more information amid reports that the two brands were up for sale.
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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.
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The US car giant Ford today announced the sale of its Jaguar formula one cars to Red Bull, the Austrian energy drink firm. Ford put the Jaguar team up for sale in September as it announced plans to reorganise
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Crossing a major milestone, India&#39;s largest automobile manufacturing company Tata Motors listed on the New York Stock Exchange (NYSE) on Monday as an American Depository Receipt (ADR).
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AUGUST 18, 2004  - Despite four years in production and an investment of millions of dollars, Ford Motor Co. is pulling the plug on a major procurement software system built around Oracle Corp.&#39;s 11i E-Business Suite of applications.
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Ford Motor Co.&#39;s flagship division is launching a late-year US advertising blitz â-ncluding an appearance by the late Hollywood action hero Steve McQueen â -boost sales of its new cars and trucks.
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India's Tata Motors, named preferred bidder 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 Friday.
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Ford said on Friday its Jaguar Formula  One team would pull out of the sport at the end of the 2004  season and its Cosworth engine company was also up for sale.
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Only 10 years ago, India's Tata Motors Ltd  unveiled its first car, a hatchback, that established the truck maker's credentials as a car maker.