While it's no secret that Ford is preparing to sell its Land Rover and Jaguar brands to India's Tata Motors, the Michigan-based automaker will reportedly make the official announcement of the sale on Wednesday.
According to the
Financial Times, Ford will announce the
$2 billion deal sometime on Wednesday.
The deal will likely include Ford taking some responsibility for the luxury marques' pension plans.
After the sale of Land Rover and Jaguar, Volvo will be the lone brand in Ford's PAG