Ford may sell land rover & Jaguar

[RubHer Yellow Ducky]

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 ...