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While it’s no secret that Ford is preparing to sell its Land Rover and Jaguar brands to India’s Tata Motors, the Michigan-based automaker will reportedly make the official announcement of the sale on Wednesday.
According to the Financial Times, Ford will announce the $2 billion deal sometime on Wednesday.
The deal will likely include Ford taking some responsibility for the luxury marques’ pension plans.
After the sale of Land Rover and Jaguar , Volvo will be the lone brand in Ford’s PAG.
