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The bids for Land Rover came in from leading Indian conglomerates, Tatas and Mahindras, and are worth over $2.05 billion and $1.9 billion respectively.
While no official confirmation could be obtained, another suitor, a private equity firm led by former Ford CEO Jacques Nasser -- OneEquity -- is still in the reckoning, but Ford is understood to be preferring a buyer directly involved in the auto manufacturing business.
According to the sources, Ford is looking to finalize the name of the buyer by the end of 2007 or early next year.
While no official confirmation could be obtained, another suitor, a private equity firm led by former Ford CEO Jacques Nasser -- OneEquity -- is still in the reckoning, but Ford is understood to be preferring a buyer directly involved in the auto manufacturing business.
According to the sources, Ford is looking to finalize the name of the buyer by the end of 2007 or early next year.
