India’s Tata Motors ready to sign deal with Ford, for Land Rover and Jaguar

After months of if and when it will happen, seems like Tata Motors is all ready to sign a deal with Ford, to take over Land Rover and Jaguar. The official announcement of this deal will be on Wednesday from Detroit, the headquarters of Ford Motors.

It is thought that the Indian motor company will pay between 2 -3 billion U.S. dollars, it seems as if the deal is being understated. This is a very tense time for jaguar as they are about to release a new car, however it seems that Tata was more exited over the release of their Nano rather than the new Jaguar.

Source – CNBC