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Two large motoring brands with British heritage could be taken over by an Indian company within the next few weeks, according to reports.
Car Finance customers might remember that FORD is looking to sell the JAGUAR and Land ROVER brands just years after acquiring the companies and Reuters claims Indian conglomerate Tata is the favourite to secure a deal.
Last month, Ford's UK shareholders backed the Tata investment, which could see production of the two car brands moved to India or Pakistan. Many Car Loans customers work at Land Rover's headquarters in Gaydon, Warwickshire.
An investment banker told the news agency: "Tata appears to have the edge because it is larger, because it has demonstrated seriousness of intent and because there is a level of comfort with the unions."
The Tata Group is India's largest company, with major interests in communication, energy and automotive markets.
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