While speculations continue to circulate in India about a possible sale of Land Rover and Jaguar to Tata Motors, Ford Motor Company, which announced its second quarter results on Thursday, maintained that no final decisions have been made in relation to the sale of the two brands in its stable.
There was an expectation that Ford might announce the sale of these brands along with the second quarter results.
Apart from Tata Motors, the other Indian auto major Mahindra & Mahindra is also said to be among the shortlisted bidders for the luxury brands. Private equity players Cerebrus and Ripplewood Holdings are also believed to be in the race for the two brands. More
Courtesy:www.indiacar.net
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