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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...

Indian Tata Motors Getting Closer to Jaguar & Land Rover

Reports from Indian newspapers indicate that India's Tata Motors Ltd. may start due diligence sometime this week to acquire Ford Motor Co's Jaguar and Land Rover brands. India's Hindustan Times said last week that "Senior Tata officials are already in London," and that negotiations are at an advanced stage...