People close to Indian carmakers Tata Motors and Mahindra & Mahindra, and the buy-out group One Equity Partners, said on Tuesday that they expected Ford to respond imminently to their revised offers made last week.
An Indian ownership of Jaguar, one of the two luxury cars that the US car maker Ford is selling off, is not acceptable to the American dealers of the brand. Tata group and Mahindra & Mahindra are two of the front-runners for acquisition of Jaguar and Land Rover, along with a private equity bidder, One Equity that is led by a former Ford CEO.
Less than a year after acquiring Anglo-Dutch steelmaker Corus, Tata Group appears close to taking over the reins of Ford's British marques - Land Rover and Jaguar, for which it is believed to have submitted a detailed offer of more than $2 billion. The home-grown business conglomerate is understood to be leading the race for the two brands at close of second-round of bidding on Friday, media reports said.
While declining to comment on the intended takeover bid for JLR by Tata Motors, another group company, Myers said the relationship was close to four years old.
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Ford Motor Co on Wednesday said it expects the sale of its two European marques Jaguar and Land Rover, in which India's Tata Motors has evinced interest, to be through either by this year-end or early next year.
The Tatas are not alone in the race to take over British car makers Land Rover and Jaguar. Apart from the Tatas, three private equity funds and two other trading companies are expected to join the race for the British luxury car makers.
The biggest spender was Tata Motors, with Rs 4,224.6 crore assigned under the R&D head.
American armaments dominated the defence services's show of weaponry.
An IAF spokesman said bad weather is hampering the search and added that no trace has been found yet of the machines or the pilots.
The aircraft flew out from the airbase in the French port city of Bordeaux and will cover a distance of nearly 7,000 km with air-to-air refuelling and a single stop in the United Arab Emirates before arriving at Ambala airbase on Wednesday, officials said.
Air Chief Marshal R K S Bhadauria's plan includes building 83 Tejas Light Combat Aircraft in quick time to fill the light fighter vacancies left by the retirement of MiG-21 and MiG-27 fighters.
A model of Rafale jet will be showcased as part of the IAF's tableau. Models of LCA Tejas, Light Combat Helicopter (LCH), surface-to-air guided weapon Aakash missile and Astra missiles will also be part of the tableau.
The Indian Air Force is monitoring the developments along the western front, he said.
Indian Air Force is planning to arm its Jaguar deep penetration strike aircraft with long range anti-ship missiles to boost its maritime warfare capability.
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
The cash injection from Tata has bought ministers breathing space to respond to demands for multi-billion-pound loan guarantees from the car sector. Alistair Darling, chancellor, is understood to be concerned that any state support does not set too generous a precedent for other sectors.
The pilot was identified as Mukhopadhya, police added.
BMW is over-capitalised and is awash with cash and it could quickly lower JLR's investment costs and raise margins by leveraging its own platforms, powertrains, purchasing scale and quality control.
'The coronavirus epidemic highlights the need to start thinking more actively about multilateral coordination, including, but not confined to, health emergencies and climate uncertainties,' says Rathin Roy.
Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.
A Jaguar deep penetration strike aircraft of the Indian Air Force on Wednesday crashed in Khalilabad village near Gorakhpur air base minutes after take off, killing the pilot Flight Lieutenant A Singh and injuring three women on the ground.
The company sells various utility vehicles ranging from newly launched compact SUV XUV300 to premium SUV Alturas G4.
The Austrian energy drink firm said it had bought the Jaguar Formula One team from Ford.
The F1 team released Mark Webber from 2005 season contract as it faces an uncertain future on the track.
Ford said its Jaguar F1 team would pull out at the end of the 2004 season and its Cosworth engine company was also up for sale.
The Jaguars, taking part in exercise 'Cope Thunder 2004', will cross the Atlantic helped by mid-air refuelling by the IAF's just acquired IL-78 giant tankers.
Jaguar Formula One is offering a $65,000 X-series car as reward for anyone who finds and returns a $360,000 diamond that was fitted to the nose cone of a race car that crashed in the Monaco Grand Prix.
Jaguar must raise their game immediately if they are to retain Australian Mark Webber next season, says three times Formula One world champion Jackie Stewart.
According to IAF sources, both the pilots were found in their flying seat, which indicated that they did not get time to eject.
They flew into bad weather during training, an IAF officer said.
The flight was part of the Women's Day event at the Aero India 2019 air show.
This was the first time General Rawat flew in the home-made fighter jet, known for its agility, being the smallest and lightest multirole supersonic fighter jet in its class.
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