REPORT: Tata Motors confirmed to buy Jaguar/Land Rover

Britain's Birmingham Post newspaper has gone out on a limb and reported that Tata Motors will be named the winning bid for Jaguar and Land Rover as soon as tomorrow – Friday, December 21st. Neither the seller, Ford, nor the buyer, Tata, have confirmed that an announcement will be made tomorrow, and in fact Ford has repeatedly said that a buyer will not be named until early next year. The British paper reiterates the same estimate we've heard before, that Tata will be doling out around £1 billion, or $2 billion USD, for the right to own these two storied brands. Of course, we'll let you know tomorrow if the announcement does actually happen.
[Source: Automotive News, sub. req'd]

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