Tata Motors falls 2.5 pct ahead of likely Ford deal

Newswire

NEW DELHI, March 26 (Reuters) - Shares in Indian vehicle maker Tata Motors extended losses to be down more than 2.5 percent on Wednesday ahead of an expected deal to buy Ford Motor's premium Jaguar and Land Rover brands. At 11:16 a.m. (0546 GMT), the firm's shares were trading 2.8 percent down at 661 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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