
The Tata's bid to takeover of iconic auto brands Jaguar and Land Rover could get a go ahead in the next few hours. Sources say Ford is focused\ on the Tata's bid. According to the Wall Street Journal Ford is expected to announce the likely winner by Thursday itself. Speculations are high that Tata Motors would emerge as the likely winner, though no deal has been signed between the two companies. The Ford union has been putting pressure on the management to chose Tata Motors.
The Jaguar-Land Rover Union has said that Tata Motors is its favoured bidder.
http://www.ibnlive.com/news/tata-motors-wins-bid-for-fords-major-brands/53170-7.html
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