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19th Mar 2008, 10:46
Ford Motor could announce an agreement for the sale of Jaguar and Land Rover to Tata Motors by the middle of next week, Tata having secured a $3bn one-year loan for the deal from Citigroup and JPMorgan, sources close to the deal said yesterday, as reported by Automotive News Europe.
The paper says that Tata is also believed to need finance to help fund the start-up of assembly for the Nano low cost car it plans to launch in India in the second half of this year.
The paper says that Tata is also believed to need finance to help fund the start-up of assembly for the Nano low cost car it plans to launch in India in the second half of this year.