Tuesday 5th February 2008

Ford Still Waiting To Say Tata To Jag

Tata denies technology sharing with Fiat

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Tata Motors has reportedly denied it is in discussions with Fiat on sharing Jaguar and Land Rover technologies.

The Indian firm was responding to newspaper articles suggesting a tie-in with Fiat.

Tata has said it hopes to clinch a deal to buy the two luxury British brands from Ford soon, in the long-running saga.

‘Tata Motors is pleased by the progress in the discussions with Ford to date and hopes both the parties can reach an agreement in the forthcoming weeks,’ company spokesman Debasis Ray said in a statement.

Earlier reports suggested offers for the two brands ranged from 1.5 to 2.0billion dollars.

[sprinter885]

Nah Sell 'em to Shell. They got plenty of dosh!