Indian Company Top Bidder for Jaguar
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An Indian car maker that will unveil the world's cheapest car next week may soon produce two of the world's premier brands as well
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Cash-strapped Ford Motor Co. took a step yesterday toward selling its Jaguar and Land Rover units when it received an undisclosed number of opening bids for the British automaking businesses.
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India's Tata Motors Ltd unveiled the world's cheapest car on Thursday, bringing car ownership closer to millions of consumers in emerging markets.
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The share flotation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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Four firms remain in the race to buy Ford's  European luxury brands Jaguar and Land Rover after India's Mahindra & Mahindra  and vulture fund Cerberus pulled out, people familiar with the matter said on Monday.
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India's Tata Steel  raised a bid for Anglo-Dutch steelmaker Corus  to an agreed 4.7 billion pounds ($9.2 billion) on Sunday as it seeks to head off a potential counterbid from Brazil's CSN .
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India's biggest carmaker Maruti announces a joint venture with parent Suzuki in a bid to exploit the booming car market.
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PARIS/MUMBAI  - Three bidders for Ford's Jaguar and Land Rover marques remain in the process, said a person familiar with the matter on Friday, but India's Tata still looks favorite to seal a deal which may not come until the new year.
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"We hope both parties can reach an agreement in the forthcoming weeks, though these are complex discussions and there is still much work that needs to be done before that position is reached."  Ford Motor Co. picked India's Tata Motors Ltd. as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday. Ford has entered into "focused negotiations at a more detailed level" with Tata, meaning it has become the preferred bidder for the storied British automakers, the company said in a statement. "There is still a considerable amount of work to do, and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned," Lewis Booth, executive vice president of Ford's European units, said in a statement. Read more
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At least six firms are expected to unveil proposed takeover bids for Jaguar and Land Rover, a report says.
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European aircraft maker Airbus Industrie bagged its largest Indian order in 15 years today when it signed a contract to sell 30 180-seater A320 aircraft to low cost carrier Air Deccan.
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India's Tata Motors  is set to be named as the preferred buyer for Ford Motor's  luxury brands Jaguar and Land Rover as early as Friday after beating rivals with a bid of around $2 billion, Indian and British media reported.
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The luxury brand Jaguar is poised to join Tata Motors, a widely diverse Indian auto company that makes tractor-trailers, full-size S.U.V.âs and the worldâs cheapest car.
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NEW DELHI -- India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group PLC, offering $11.3 billion for the biggest-ever acquisition by an Indian company.
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India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 5.75 billion pounds ($11.3 billion).
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India's Tata Motors on Thursday unveiled its much anticipated $2,500 car, an ultra-cheap price tag that brings car ownership into the reach of tens of millions of people. But critics worry the car could overwhelm the country's roads and create an environmental nightmare.
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India's Tata Motors Ltd.  and Mahindra & Mahindra Ltd.  are exploring the possibility of bidding for Ford Motor Co.'s  Jaguar and Land Rover brands, the Economic Times reported on Thursday.