London - Ford is expected to announce the sale of its UK luxury brands Jaguar and Land Rover to India's Tata Motors in the middle of next week, according to
sources close to the deal.
"It's pretty much there," said one of the sources. "Dates
can come and go, but it could be some time around March 26."
An announcement had been expected at the start of this
month, but was delayed as the two firms discussed their
relationship, including technology sharing and Ford supplying
engines and body parts for the two brands.
"They've made good progress on getting through the paperwork
and it could well be soon after the Easter holidays," said the
"I don't think there's been a lot of haggling
A Ford spokesperson said the deal had encountered no major
roadblocks and was still expected in early 2008.