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Tata closes in on Jaguar and Land Rover

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.


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...

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