Friday, November 30, 2007 (New Delhi):
It is finally looking like the last lap of the long race for two luxury marquees Jaguar and Land Rover, and even though the Tata Motors is frontrunner, the final outcome could go either way.
It is expected that Ford's parent board will meet senior executives from Ford of Europe, including the Premier Automobile Group management in the first week of December to decide on the deal.
For the final announcement, the meeting will focus on the final bids, the stand taken by the unions and the UK government's position.
The outcome of the meeting will be discussed with the UK government and then the winner will be announced from December 18 to 26.
Most agree that it is likely that the name will indeed be Tata Motors. "In line with Tata's global footprint strategy, the chances of winning for India's auto major seem high," said Subramanyam Pisupati, Ventura Securities.
While Tata looks to be the favourite, Anand Mahindra can take heart that his past relationship with Ford means some board members are still leaning towards M&M. The same holds true for One Equity partners as Jac Nasser was Ford's boss a few years ago.