Tata Motors down 4pct ahead of likely Ford deal

Newswire

NEW DELHI, March 26 (Reuters) - Shares in Indian vehicle maker Tata Motors extended losses to more than 4 percent on Wednesday afternoon, ahead of an expected deal to buy Ford Motor's premium Jaguar and Land Rover brands. At 12:19 p.m. (0649 GMT), the firm's shares were trading 4.11 percent down at 652 rupees, after opening 1.5 percent up at the day's high of 690 rupees. A source said on Tuesday Ford had agreed to sell its Jaguar and Land Rover brands to the Indian firm for more than $2 ...

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