Autoblog

Previous rumors that Indian automaker Tata was chosen by Ford from among a group of bidders to buy Jaguar and Land Rover have proven to be true, as both Tata and Ford announced earlier today that they have moved into advanced negotiations on the sale of the two British marques.

Although both companies were quick to point out that there are still a number of steps before the deal is finalized, informed insiders have confirmed that the two competing bidders, Mahindra & Mahindra Ltd and One Equity Partners LLC, have effectively been rejected in favor of Tata.

Factory workers at Jaguar and Land Rover in England were reportedly informed shortly before the announcement went public. Ford, the biggest seller of automobiles in the UK, reportedly wants the new owner of Jaguar and Land Rover to retain the bulk of their existing 15,300-strong British work force, and Jaguar's principal union has expressed its preference for Tata.

Although Ford needs the cash injection from selling off its subsidiaries, the automaker is anticipated to pursue a similar relationship with Jaguar and Land Rover that it maintains with Aston Martin: continuing to supply components, including engines, even after the divisions are sold off.

Follow the jump to read the official statement from Ford of Europe and PAG chairman Lewis Booth.

[Source: Detroit Free Press]

With the majority of F1 teams gearing up to unveil their new cars, all but two have confirmed their drivers for the upcoming season. The only seats still up for grabs are with Force India and Super Aguri, and while the former was expected to confirm its drivers before the end of the year, that date has now been pushed off until January 11.

Adrian Sutil is all but completely confirmed to take one of the seats at the team formerly known as Spyker and before that as Jordan since its founding in 1991. But a number of drivers remain hopeful to take the second seat, including Renault refugee Giancarlo Fisichella, former Toro Rosso driver Vitantonio Liuzzi, former Jaguar/Red Bull/Honda pilot Christian Klien and Roldán Rodríguez, currently slated as Force India's test driver. Veteran racer Ralf Schumacher, as we previously reported, tested for the seat, but previous reports that the German driver would have to sit out the 2008 season have now been confirmed.

Once Force India confirms its drivers in two weeks, only Super Aguri, recently confirmed by Honda for another season, will be left to announce its roster. Takuma Sato is expected to take one seat and the second remains a wild card likely to be contested by whoever doesn't get the second Force India seat.

Follow the jump to view the confirmed drivers for the 2008 Formula One World Championship.

[Source: F1-Live, Photo by Mark Thompson/Getty]

Our mates across the pond at PistonHeads say they've got it on good authority that Lamborghini is indeed producing a Superleggera version of the too-hot-to-handle Murcielago.

Eyebrows were raised when spy photogs snapped a Murcielago test mule running test laps around the Nurburgring's venerable Nordschleiff in Germany, sporting a big ol' wing on the back and what looks like carbon fiber body panels. If the reports are correct – and we hope they are – the Murcielago Superleggera will get the same treatment as its little brother, the Gallardo Superleggera, which was unveiled at the Geneva show. That means carbon fiber and composite components will help bring the weight down, while some tweaks to the engine will bring power up, resulting in a delicious increase to the supercar's power-to-weight ratio. It's too early to tell how much extra juice the stripped-down Lambo will get, but it should be a daunting task considering that the engine's output was already augmented for the LP640. Could we be seeing a 700 horsepower figure?

The report suggests an official unveiling of the Murcielago Superleggera in March 2008, but with Lamborghini's pledge to have a new attraction at every major auto show, we wouldn't be surprised – delighted, mind you, but not surprised – to see it take its first bow earlier than that.

[Source: PistonHeads]