Ford shortlist speculated to have third bidder
Tuesday, 06 November 2007
Mahindra & Mahindra is thought to have emerged as one of three bidders that have been shortlisted by Ford for the purchase of Jaguar and Land Rover.

The carmaker has been listed alongside Tata, the Indian conglomerate, and OneEquity, fronted by the former Ford chief executive Jacques Nasser.
Jaguar logo large
Jaguar is one of the luxury marques up for grabs
Mahindra & Mahindra is a carmaking rival of Tata. Unions are scheduled to meet the shortlisted bidders later this month.

Future plans

While Ford plans to sell the business by the end of 2007 or start of 2008, it is believed that the company will keep an equity stake in the operations and may try to secure long-term supply deals with its network of engine and transmission plants. Ford is expected to reveal more about the sale on Thursday, when it will report its third quarter financial results. The sale is expected to come to about $1.5bn (£720m).
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