Tatas front-runner to buy our brands: Ford

US carmaker Ford said that Tata Motors was the front-runner to buy its European brands -- Jaguar and Land Rover.

• By: Reuters
• London | January 3, 2008 04:27 PM IST
1 min read

US carmaker Ford said on Thursday that India’s Tata Motors was the front-runner to buy its European brands — Jaguar and Land Rover.

“Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar/Land Rover business,” said Lewis Booth, Ford executive vice president with responsibility for Ford Europe.

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“There is still considerable work to do and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks.”

A source familiar with the matter said earlier on Thursday that Ford was set to name Tata Motors as the front-runner to buy Jaguar and Land Rover.

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