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. 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. finally closed the book Wednesday on the money-losing Premier Automotive Group, announcing it had reached an agreement with Tata Motors, part of an Indian conglomerate, to sell Jaguar and Land Rover for $2.3 billion.

Welcome to the big time, Tata Motors. The Indian conglomerate the Tata Group built its first passenger car just 10 years ago, but the company introduced itself to a global audience Wednesday when it agreed to buy Jaguar and Land Rover from Ford Motor Co.

Two people briefed on the negotiations between Ford Motor Co. and India's Tata Motors Ltd. say the automakers could announce an agreement for Tata to buy Jaguar and Land Rover as soon as next week.