Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Ford to meet Tata, Mahindra, says report
BackBack

Ford to meet Tata, Mahindra, says report

Ford to meet Tata, Mahindra, says report

Premium

Mumbai: US carmaker Ford Motor Co., which is exploring the sale of its Jaguar and Land Rover brands, has contacted India’s Tata Motors and Mahindra & Mahindra for management meetings, the Economic Times said on 14 August.

Citing industry insiders, the newspaper said the meetings would be followed by detailed due diligence.

Ford, the No. 2 US auto maker, said last month it would continue talks with selected suitors for the marques.

A source familiar with the matter said in July that Tata and its local rival Mahindra & Mahindra, as well as US buyout firms TPG and Ripplewood, were among those that had expressed interest in a possible bid.

A spokesman for Tata Motors said: “We do not wish to comment." Mahindra & Mahindra could not be immediately reached.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 Aug 2007, 11:33 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie