Ford Still Shopping Mazda Stake; Tata Uninterested

Already absorbing Land Rover and Jaguar, Tata Motors denies that it's looking to buy Ford's one-third stake in the Japanese automaker
Indian workers assemble a Tata car at the Tata Motors factory in Pune. ROB ELLIOTT/AFP/Getty Images

In recent times, it seems, every time an auto brand is put up for sale India's Tata Motors (TTM) is mentioned as a possible buyer. In June, it was GM's (GM) unloved Hummer line (BusinessWeek.com, 6/6/08) that was linked with Tata and Indian rival Mahindra & Mahindra (MAHM.BO). On Oct. 11, Tata was named in Japan as a possible buyer (BusinessWeek.com, 10/11/08) of Ford's (F) one-third stake in Mazda (MZDAF), which unconfirmed reports say the U.S. automaker is keen to reduce.

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