This Race May Be Tata's to Lose
Billionaire Indian industrialist Ratan N. Tata has long vowed to take his auto company Tata Motors (TTM) global—and not just with the cheap models that have conquered the Indian market. Now he is pushing to realize that vision sooner than anyone anticipated. Tata Motors has emerged as the front-runner in the contest for Jaguar Cars and Land Rover, which ailing Ford Motor (F) is auctioning off. Sources close to the negotiations say Tata's bid is as much as $1 billion above those of other contenders.
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