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Ford may sell land rover & Jaguar

Tata closes in on Jaguar and Land Rover
Ford is in "focused negotiations" with Indian carmaker over British brands

Tony Lewin

LONDON -- Ford Motor Co. is telling Jaguar and Land Rover workers that it is in "focused negotiations" to sell the brands to India's Tata Motors.
Ford of Europe Chairman Lewis Booth said today in a statement: "Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business."
Booth added: "We will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned."
Ford put Jaguar, a sports car maker, and Land Rover, which makes SUVs, up for sale in June.
Booth's statement is the first time Ford has revealed the identity of potential buyers for the brands.
Tata will now ...

Re: Ford may sell land rover & Jaguar

It was a dumb idea to buy them in the first place. The probably never made Ford a dime.

Re: Ford may sell land rover & Jaguar

they need to sell Aston Martin also thats like obsurd that Ford is making such a beautiful english piece of art, it needs to go back to a company based in England.

Re: Ford may sell land rover & Jaguar

hey i think tata steel tried to buy the company i work at, but their offer was short

Re: Ford may sell land rover & Jaguar

"tata" HA!!! funny.

I heard Ford paid about 5 Billion and now may sell for 2+ Billion.

Whats a 2 billion dollar write off!!! Jeez