Ford Picks Tata As Top Jaguar Bidder
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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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Indian automakers Tata Motors and the Mahindra group are considering separate bids to buy luxury British car brands Jaguar and Land Rover from struggling US carmaker Ford Motor Corp, according to media reports on Thursday.
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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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Indian business conglomerate Tata Group has confirmed its interest in purchasing the Jaguar and Land Rover units of Ford, making Tata the first company to publicly suggest it would pursue the brands.
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The head of British luxury automaker Jaguar hopes to find a buyer soon after ailing US auto giant Ford Motor Corp. put the firm up for sale, a report said Wednesday.
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London: Drinks firm Red Bull has bought the Jaguar team on Formula Oneâs deadline day, ending months of uncertainty triggered by Fordâs withdrawal from the sport.
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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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Four firms remain in the race to buy Ford's  European luxury brands Jaguar and Land Rover after India's Mahindra & Mahindra  and vulture fund Cerberus pulled out, people familiar with the matter said on Monday.
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The Indian company 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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Ford Motor Co., the world&#39;s second- biggest carmaker, plans to cut production of Jaguar cars by 15,000 units this year to trim losses at its European luxury-vehicle unit.
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Business & money: Ford favours Indian firm to buy its two premier brands but union and government offer cautious welcome
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Tata Steel of India has out-bid its Brazilian rival CSN in an auction to take over the Anglo-Dutch steelmaker Corus with a bid of 608 pence per share, the Takeover Panel has said.
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India&#39;s Tata Group is interested in  acquiring Ford Motor Co&#39;s  Jaguar and Land Rover brands,  the Indian conglomerate&#39;s chairman Ratan Tata said in remarks  released on Friday.
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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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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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A string of firms are expected to unveil proposed takeover bids for Jaguar and Land Rover.
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Ford is understood to have chosen three investment banks to help it sell Britain's Jaguar and Land Rover.