Final bids for Jaguar and Land Rover are in

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Viknesh Vijayenthiran December 6th, 2007

By Viknesh Vijayenthiran Author December 6th, 2007

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December 31st, 1969 The final bidders vying for the Jaguar and Land Rover labels, India’s Tata Motors and Mahindra & Mahindra (M&M), plus private equity firm One Equity Partners, have reportedly put forward their final bids for the British marques. The bids are expected to be in the range of $1.5-$2 billion, although the final numbers could be revised pending the outcome of further negotiations. “The bids are competitive, and it will be a close call for [Ford],” the Economic Times cited unnamed sources as saying. Another source, the Hindustan Times, said final bids were likely to be in the range of $1.7-$2.2 billion. “Ford is expected to consider these bids later next week,” it said, citing a source close to the transaction. Ford, meanwhile, has previously stated it will announce the new owners by the end of this year or early next year.

Final bids for Jaguar and Land Rover are in

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The final bidders vying for the Jaguar and Land Rover labels, India’s Tata Motors and Mahindra & Mahindra (M&M), plus private equity firm One Equity Partners, have reportedly put forward their final bids for the British marques. The bids are expected to be in the range of $1.5-$2 billion, although the final numbers could be revised pending the outcome of further negotiations.

“The bids are competitive, and it will be a close call for [Ford],” the Economic Times cited unnamed sources as saying.

Another source, the Hindustan Times, said final bids were likely to be in the range of $1.7-$2.2 billion. “Ford is expected to consider these bids later next week,” it said, citing a source close to the transaction.

Ford, meanwhile, has previously stated it will announce the new owners by the end of this year or early next year.

Tags: Industry