1. TATA Motors has successfully become the forerunner
bidder for Ford Motor Company's Jaguar and Land
Rover units.
This occurred after Ford's discussion with Tata,
Mahindra and Mahindra and US private equity firm,
One Equity Partners. Ford has immediately accepted
Tata's bid of $2 billion for Jaguar and Land Rover.
Tata pleases, Ford 'disappoints' British workers' union
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By Dipankar De Sarkar. London, England, 07:01 PM IST
The head of Britain's largest workers union Wednesday reiterated his support for Tata's
acquisition of the luxury car brands Jaguar and Land Rover, but said he was disappointed
by seller Ford's failure to retain a stake.
'If Jaguar and Land Rover had to be sold, then Tata was the best option,' said Tony
Woodley, joint general secretary of Unite, as Ford announced the sale of the two British
iconic cars to Tata Motors Ltd.
The deal, announced Wednesday, already has the union's seal of approval,
