Though Ford says no announcement will be made about what company will end up with Jaguar and Land Rover until 2008, Automotive News says that three bidders remain in the running.

India's Tata Motors, and Mahindra & Mahindra and U.S. private equity firm One Equity Partners are all still interested, but one, Tata, looks to be the most likely candidate to take home Jaguar and Land Rover.

The Birmingham Post had expected an announcement as early as today saying Tata Motors will pay as much as $2 billion for Jag and Land Rover. But a Ford spokesman tells BusinessWeek that the company won't say anything about a possible deal until after the new year.

[Source: Automotive News - Sub. Req., BusinessWeek]