Tata to announce Jaguar purchase
Car giant Ford is to sell its luxury UK-based car marques Jaguar and Land Rover to Indian company Tata.
Tata, India's biggest vehicle maker, is likely to pay about $2bn (£1bn) in the deal, although analysts will be keen to see the exact price and terms.
The lengthy sale process started last June when Ford announced its intention to sell the companies as a package.
Jaguar and Land Rover employ about 16,000 staff at plants across the West Midlands and Merseyside.
Tata accounts for more than half of the sub-continent's truck market and has about 20% of India's car market.
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