Following several reports last month that India’s Tata Motors was Ford’s first choice in the combined sale of Land Rover and Jaguar, the American carmaker issued a statement today official confirming that the Indian Group is the company’s preferred bidder.
Here’s what to Lewis Booth, executive vice president – Ford of Europe and Premier Automotive Group (Chairman – Jaguar, Land Rover, Volvo and Ford of Europe) said:
“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.”
“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 withTata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned.”