Tata-Jaguar deal: Timeline of the Historic deal

2005
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Ford starts facing problems with pension and health care costs and falling sales in North America.
Starts reporting losses from the second quarter
2006
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Alan Mullaly takes over as chief executive and oversees a $12.7 billion loss, the largest in the
company's history Ford decides to sell its Aston Martin brand
May, 2007
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Ford closes the Aston Martin sale for $848 million
 
June, 2007
 
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Ford indicates that it might look at buyers for Jaguar and Land Rover marques
 
July, 2007
 
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Ford receives preliminary bids for the brands. Reports say that TPG Inc., Cerberus Capital Management Lp. Ripplewood Holdings, One Equity Partners Llc are in the fray, along with Tata Motors
Ltd and Mahindra & Mahindra
 
August, 2007
 
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Ratan Tata, chairman of Tata Motors Ltd, confirms that his company was bidding for the premium car
makers
November, 2007
 
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Investment bankers say that Apollo Alternative Assets is teaming up with Mahindra & Mahindra
Reports say that Ford has shortlisted three bidders—Tata, Mahindra and One Equity—for further negotiations with its trade unions Unite, the trade union representing Land Rover and Jaguar workers, says it supports Tata Motors' bid
 
December, 2007
 
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The three bidders submit their bid
 
January , 2008
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Ford names Tata as "preferred buyer"
 
March, 2008
 
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Tata, Ford sign deal

- Contributed by Vaibhav Agarwal