Ford in talks with Tata over Jaguar, Land Rover sale
Ford confirmed Thursday that the company is considering an offer to sell its Jaguar and Land Rover subsidiaries to Tata Motors of India.
"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," Lewis Booth, an executive vice president at Ford, said in a statement.
"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 … Read more