Tata will announce the takeover of the two British carmakers, Jaguar and Land Rover, next week during the Geneva Motor Show.
Ford and Tata came to an agreement after the positive talks Tata executives had with British unions. Last week Tata confirmed that it won’t sell Jaguar as soon as the takeover is done and promised not to have redundancy plans at first.
The announcement will end a tumultuous bidding between Ford and the three bidders, among them, Tata and Mahindra and Mahindra, It will also mark the end of long history and tumultuous history between Ford and Jaguar.
Future will say whether Tata has enough money in the bank to develop Land Rover and give Jaguar the status it deserves.
