Tata is preferred bidder for Land Rover, Jaguar units

Ford Motor Co. has picked Tata Motors Ltd. as the top bidder to buy Jaguar and Land Rover units, the U.S. automaker said Thursday.
In a statement, the company said it had entered into “focused negotiations at a more detailed level” with Tata, which means Tata has been picked as a preferred bidder for the storied British automakers.
— Photo: AFP
“There is still a considerable amount of 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 with a view to securing an agreement that is in the best interests of all parties concerned,” Lewis Booth, executive vice-president of Ford’s European units, said.
Jaguar and Land Rover employees in the United Kingdom were told about the negotiations on Thursday shortly before the company made the announcement.