Motoryzacja

GENEVA — Indian automaker Tata Motors and a top Ford Motor Co. executive say discussions on selling Jaguar and Land Rover to Tata are still on.

Ford Motor Co. has picked India's Tata Motors Ltd. as the top bidder to buy its Jaguar and Land Rover units, the Detroit automaker said Thursday.

Ford Motor Co. may announce next week that it's selling the Britain-based Jaguar and Land Rover brands to India's Tata Motors Ltd., a British union said.

Ford Motor Co. today said it had completed the sale of its Jaguar and Land Rover operations to Tata Motors, as it previously said it would.

Ford Motor Co., eager to raise cash starting a difficult 2008, is in final discussions with one bidder, the Indian conglomerate Tata Group, to sell its Jaguar and Land Rover brands and a sale is expected to be completed soon. Tata has 98 companies in a variety of industries and has been rumored to be the front-runner for some time.