Britain's Birmingham Post is reporting that India's Tata Motors is confirmed as the winning bidder to purchase both Jaguar and Land Rover from Ford Motor Company. Neither Ford or Tata will confirm that this is true. Though Birmingham Post is saying that an official announcement could come as early as tomorrow, December 21st. Tata is reportedly spending $2 Billion dollars to purchase both brands. Further news as this develops.
Source: Automotive News.