Ford is expected to finalise the deal with Tata for the sale of Jaguar and Land Rover by next week, it has been reported.
According to the Times newspapers unions are expected to welcome the deal, believing there is no threat to British jobs.
The two sides have been in talks since the beginning of the year and are expected to sign a deal worth up to $2billion ($1billion) next Wednesday or shortly afterwards.
It is said to be Tata’s second big investment in Britain, after its purchase of Corus, the Anglo-Dutch steelmaker, last year.
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