Final bids for Jaguar, Land Rover between $1.5 and $2.2b

Ford's year-end sales event isn't limited to your local dealership, as news came down the wires today that the final bids for Jaguar and Land Rover have been submitted by India's Tata Motors, Mahindra & Mahindra and One Equity Partners, a private equity firm. The Economic Times and Hindustan Times are both citing separate figures, with the former reporting the bid between $1.5 and $2b, while the latter pumps up the both figures to $1.7 and $2.2b. But what's $200 million between friends, right?

Regardless, those numbers are somewhat in line with what Merrill Lynch analysts predicted the two automakers would fetch in the market, and according to sources close to the transaction, Ford will be considering the bids later next week.

[Source: Reuters]

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