Monday, December 17, 2007

Tata likely to win Jaguar & Land Rover

After 6 months of negotiations the battle for Land Rover and Jaguar has been whittled down to three serious bidders: Tata, fellow Indian car group Mahindra, and American buyout group One Equity, and Ford is likely to name Tata as its preferred bidder in the next couple of weeks.Tata will pay in the region of £1 billion for the British marques although they will still have to negotiate a seperate