Ford commits to more talks with Tata over Jaguar sale
FORD today confirmed its commitment to focus negotiations on the sale of its Jaguar and Land Rover marques to India's Tata Motors.
A company memo to workers at Fords UK plants said that while discussions had been held with a number of interested parties, talks were being held at a detailed level with the Indian conglomerate.
"There is still a considerable amount of work to do and, while no final decisions have been made at this time, Ford will proceed with further substantive discussions with Tata Motors over the forthcoming weeks.
"These are complex commercial discussions and Ford believes it is in the interests of all parties concerned if the process continues to be conducted in a confidential manner.
"Therefore, Ford is not discussing the content of its ongoing dialogue with Tata Motors at this point in time other than to say any final decisions Ford makes will be in the best interests of Jaguar, Land Rover and Ford," said the message.
11:48am Thursday 3rd January 2008
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