Breaking News: Tata to Announce Purchase of Jaguar & Land Rover on March 5

According to a report from Automotive News citing Ford insiders, Indian Tata Motors will announce its purchase of Jaguar Land Rover on March 5 or 6. From what it seems, the sale has been set and the only thing left is to sort out some minor details between Tata Motors and Ford Motor Company.

The article supports that the dates where agreed between Tata and Ford following the positive talks with UK trade union leaders last week. Roger Maddison, national officer of Unite, the larges trade union in the UK auto industry, told Automotive News Europe, “everything seems fine as far as we are concerned; it's just the lawyers working on it now."

Via: AN (Sub. Req.)