US car-maker Ford is likely to settle down the transaction with the India-based motor company Tata Motors for the sale of its luxury brands, Jaguar and Land Rover, by the coming week.
Both the companies are expected to enter a deal valued around US$ 2 billion next Wednesday or shortly afterwards. The unions of both the companies also welcomed the deal believing that there is no immediate threat to the British jobs or manufacturing. The official statement is being timed for after the Geneva Motor Show, so that the two companies can try to encourage their products at the key European autoShow. Ford nominated Tata as the favored bidder for Jaguar and Land Rover on January 3, 2008.
Posted by krishna Raj 