Ford, Tata, Jaguar deal

US automaker Ford Motor could announce as early as late next week the sale of its luxury Jaguar and Land Rover brands to Indian carmaker Tata Motors, said a source familiar with the matter. The deal, which is now set to go ahead after Tata met a Ford...

US automaker Ford Motor could announce as early as late next week the sale of its luxury Jaguar and Land Rover brands to Indian carmaker Tata Motors, said a source familiar with the matter.

The deal, which is now set to go ahead after Tata met a Ford UK labour union last week, could be announced on March 5 or the next day, although the timing could yet slip, the source said.

Tata, India's top vehicle maker, has been in talks with Ford since it was chosen as the front-runner to buy the units a few days into 2008.

Labour union Unite said last Friday it had held constructive talks with Tata over its planned acquisition of Jaguar and Land Rover.

Unite is the main union representing workers at Land Rover and Jaguar, and has about 12,000 members there.

Ford declined to comment, but reiterated it expects a deal early this year.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.