According to numerous published reports today, Ford is expected to announce within days that India's Tata Motors will be the preferred bidder for the Jaguar and Land Rover brands. Assuming this happens, look for Tata to pay Ford up to $2 billion USD for the pair of iconic British marques. As has already been reported here and elsewhere, the British labor unions have come out in support<
Industry speculation about the future of Ford's Jaguar brand reached a crescendo this week, with insiders' favorite rumor tipping Hyundai as the lead candidate to buy Jaguar (supposedly destined for its Kia subsidiary), with Land Rover mentioned as a likely companion in a package deal. Well, its time to reset the rumor mill - Hyundai issued a statement Friday saying it is not interested in the luxury brand, either for itself or for Kia.