tata-in-pole-position-for-jaguar-and-land-rover

Tata in pole position for Jaguar and Land Rover

Ford says Tata Motors is a frontrunner in the bid to buy its Jaguar and Land Rover businesses, suggesting the Indian group is set to chalk up more ambitious cross-border M&A deals in 2008.

By Sameera Anand

January 06, 2008

IndiaÆs Tata Motors has stolen a march on its rivals in the race for Ford Motor CompanyÆs Jaguar and Land Rover businesses with the US firm agreeing to further dialogue with the Indian bidder. No financial data has been disclosed but there is speculation that the Tata bid could be in the range of $2 billion to $2.5 billion.

On January 3, Lewis Booth, Ford's executive vice president who oversees Ford of Europe and the Premier Automotive Group which comprises Jaguar, Land Rover and Volvo confirmed that Ford would enter into detailed discussions with Tata Motors with respect to ôthe potential sale of the combined Jaguar Land Rover businessö. Booth however cautioned that a final...

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