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India's Tata to buy Jaguar: report
Ford Motor Co. will sell its Jaguar and Land Rover brands to India’s Tata Motors, according to the New York Times.
The unconfirmed report says Tata will pay about $2 billion US for the businesses.
And the Indian automaker is not expected to make any significant strategy changes until after 2011. Tata is also not expected to cut jobs at assembly plants in the U.K.
The deal may be announced as early as today.