Late last year, Ford named Tata Motors of India as the preferred bidder for its Jaguar and Land Rover brands. Tata reportedly placed a bid of $2 billion for both luxury marques, but the final cost will actually be much higher, a new report finds.
According to the Times of India, Tata is actually negotiating between 15 and 20 deals with Ford. The additional negotiations including engine supply, as well as the supply of key components and technology.
The Times of India also indicates that Tata will need access to Ford ’s research facilities to upgrade the Jaguar and Land Rover product line.
Both Ford and Tata are keeping tight-lipped on the latest rounds of negotiations, but look for the final price of the two brands to soar north of $2 billion mark.
