Ford to meet with India’s Tata and MahindraEnlarge Photo
The information comes from industry insiders, who revealed to the Economic Times that Ford will be meeting with all potential bidders, the first of which will be the Indian duo. Other bidders include US private equity firms TPG and Ripplewood Holdings.
Last week there was news that Ford may end up auctioning off the brands to short list the number of companies bidding to just two preferred contenders. Such a move would help Ford speed up proceedings of the sale, which according to previous reports could be finalized by as early as September 30.