Tata-Jaguar deal: Timeline of the Historic deal

Ford starts facing problems with pension and health care costs and falling sales in North America.
Starts reporting losses from the second quarter
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
Ford closes the Aston Martin sale for $848 million
June, 2007
Ford indicates that it might look at buyers for Jaguar and Land Rover marques
July, 2007
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
Ratan Tata, chairman of Tata Motors Ltd, confirms that his company was bidding for the premium car
November, 2007
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
The three bidders submit their bid
January , 2008
Ford names Tata as "preferred buyer"
March, 2008
Tata, Ford sign deal

- Contributed by Vaibhav Agarwal