Read this news that recent;y appeared on Economictimes
Tata shortlisted for Jaguar, Land Rover deal
LONDON: Ford Motor Co on Thursday said it has shortlisted candidates interested in acquiring its two marquees, Jaguar and Land Rover, and India's Tatas are reported to be amongst the top contenders.
"We are now exploring in greater detail the potential sale of the combined Jaguar Land Rover business with selected parties who have expressed interest," Ford Motor Co spokesperson John Gardiner said in an e-mailed statement.
He, however, said no final decision has been made yet "in relation to Jaguar Land Rover's future".
Gardiner said Ford was pleased with the positive expressions of interest in the business and also with the strength and quality of interested parties it had received.
Asked about industry news in India, which suggested Tata Motors was amongst the top contenders, he declined to comment stating the company would not comment on names, numbers or origins of any interested parties.
He said the objective of the marquees sale would be to enable Ford to concentrate on its core business strategy, while "ensuring Jaguar and Land Rover has the ownership, technology and investment structure it needs to allow it to reach its full potential".
On labour issues, he said the company was ensuring very close communication with its union during "the process to determine the best future for Jaguar, Land Rover and Ford Motor Co".
Source: Economictimes.Date: 26th July ' 07
Tata has been doing extremely well in terms of putting their globallization plans into action. They ate up Tetley, then Corus and now this one. Way to go
