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Tata is leading JLR bidder
Thu, 03 Jan 2008By Ben Pulman Motor Industry 03 January 2008 13:16 Ford looks set to sell Jaguar/Land Rover (JLR) to Tata. In a statement to JLR workers today, Ford of Europe chairman Lewis Booth said: ‘Ford is committed to focused negotiations at a more detailed level with Tata Motors concerning the potential sale of the combined Jaguar Land Rover business.’ This is the first time that Ford has publicly revealed the identity of any bidder for JLR. JLR has been up for sale since June 2007, and other potential bidders include rival Indian vehicle maker Mahindra Group and private finance group One Equity fronted by former Ford CEO Jac Nasser. Tata itself already owns a few famous names, including Tetley Tea and Corus (formerly British Steel).
Ford Mondeo teaser concept
Fri, 22 Sep 2006By Chris Chilton First Official Pictures 22 September 2006 08:02 The lowdown This is another one of those ‘concept’ cars that isn’t a concept car at all. According to Ford the Paris motor show star gives a glimpse of what we might expect from the next Mondeo, but they’re not fooling anyone: the sheetmetal is pure production new Mondeo. Premium: that’s the look and feel Ford wanted.
Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs
Mon, 31 Oct 2011The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.