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India's Tata Motors (TTM) will be named on Dec. 21 as the winning bidder in the auction for Jaguar and Land Rover, according to a report in Britain's Birmingham Post newspaper. Tata will pay £1 billion, or about $2 billion, for the two Ford Motor (F) luxury auto brands, said the newspaper, which is based near Jaguar and Land Rover's home in the British midlands.
Ford spokesman Mark Truby said the company plans...
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