Ford is expected to announce the sale of Jaguar and Land Rover to Tata Motors in the middle of next week, sources close to the deal have said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“It’s pretty much there,” said one of the sources told Reuters. “Dates can come and go, but it could be some time around 26 March.”
The news agency noted that an announcement had been expected at the start of this month, but was delayed as the two firms discussed their relationship, including technology sharing and Ford supplying engines and body parts for the two brands.
“They’ve made good progress on getting through the paperwork and it could well be soon after the Easter holidays,” the second source told Reuters. “I don’t think there’s been a lot of haggling about price.”
A Ford spokesman said the deal had encountered no major roadblocks and was still expected in early 2008.
