Buyer Found For Jaguar & Land Rover?
Forbes is reporting that Tata Motors is now recognized as the preferred buyer for Ford’s Jaguar and Land Rover brands. Other firms, notably One Equity Partners LLC and Mahindra & Mahindra Ltd., are still in the game, but Ford is moving further in talks with Tata.
Tata Motors is an Indian auto-maker that just recently reported an increase in vehicle exports by 16%. There’s no word on if the sale would translate to a moving of manufacturing to India, though analysts are claiming Ford would like an agreement that the buyer would keep manufacturing in the United Kingdom.
