Tata-JLR Deal Likely To Finalize By Next Week
US car-maker Ford is likely to settle down the transaction with the India-based conglomerate Tata for the sale of the luxury brands, Jaguar and Land Rover, by the coming week.
Both the companies are expected to enter a deal valued around USD 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 showcase.
Ford nominated Tata as the favored bidder for Jaguar and Land Rover on January 3.