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Tata is leading JLR bidder

By 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).

Toyota chief: Scion in no danger of shutdown

Despite three years of lackluster sales, Toyota's Scion youth brand is not in danger of being shut down, Toyota Motor President Akio Toyoda said. “There is no concern, no danger for Scion in the future,” Toyoda said in a roundtable interview with journalists at the Detroit auto show on Monday. Scion's U.S.

New V6 for 2015 Ford F-150 to be built in Ohio

Ford Motor Co. is investing $500 million to build a new compact, lightweight turbocharged V-6 engine for the redesigned F-150 pickup at a plant in Lima, Ohio. Ford introduced the 2.7-liter engine in January at the North American International Auto Show in Detroit along with the 2015 F-150.