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Tata Says 'No Roadblocks' on Jaguar Deal



04 March 2008 @ 09:05 am EST

GENEVA (AP) - Indian automaker Tata Motors says discussions on buying Jaguar and Land Rover from Ford are still on.

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A Tata Motors spokesman said Tuesday the Indian automaker sees "no roadblocks" in the way of a deal.

Ford spokesman John Gardiner dampened expectations earlier by cautioning not to look for a deal during this week's Geneva Auto Show.

But Tata's Debasis Ray told reporters that talks were continuing to buy the classic British brands from Ford.

Cash-hungry Ford has been looking to sell Jaguar and Land Rover for months to help fund the turnaround of its Ford, Lincoln and Mercury brands.

Copyright 2008 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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