Tata Motors plans to bid for Ford's Jaguar
Kirit Chauhan
Jul. 18, 2007
An ambitious move by the Indian oligarch - prestigious deal but devastating financial results.
The Tata motor is the last company to add any value to the prestige symbol Jaguar.
Ford will be lucky to download the ''white elephant'' on the Indian oligarch Tata.
Tata Motors is understood to have instructed advisers in the past fortnight to begin evaluating the merits of a joint offer for Jaguar and Land Rover, which have been earmarked for disposal by struggling American car giant Ford, The Daily Telegraph said.
If successful, it would rank among India's biggest overseas takeover deals, the report said, citing unidentified sources.
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After Chicken Curry, Tetley tea another British icon falls. Embarrassing. |