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.
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Jaguar and Land Rover

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...