India's Tata set to win Ford brands - reports

Newswire

MUMBAI, Dec 21 (Reuters) - India's Tata Motors is set to be named as the preferred buyer for Ford Motor's luxury brands Jaguar and Land Rover as early as Friday after beating rivals with a bid of around $2 billion, Indian and British media reported. "The group has had its 1 billion pound bid ($1.98 billion) accepted by Ford ... The firm has beaten off competition from rival Indian firm Mahindra and Mahindra and private equity group One Equity Partners," the Birmingham Post reported, citing ...

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