Britain's Sunday Times newspaper has reported that Ford Motor Co. will soon name India's Tata Motors as preferred bidder for its Jaguar and Land Rover brands.
Jaguar and Land Rover
- shares

Tata, India's largest manufacturer, is expected to pay about $US2 billion for Ford's luxury brands, beating Indian rival Mahindra & Mahindra and private equity firm One Equity Partners.

More on this as it comes...