Three main bidders for British iconic cars Jaguar and Land Rover included One Equity (a private group owned by former Ford veteran Jacques Nasser), Tata Motors and Mahindra & Mahindra.
Mahindra & Mahindra:
An Indian brand lost out in the first phase but made a strong return as it being backed by US buyout company Apolo. The union feels being an Indian company Mahindra & Mahindra will outsource parts of operations.
A top executive at Indian auto maker Mahindra & Mahindra Ltd. confirmed his company is bidding jointly with private-equity firm Apollo Management LP for Ford Motor Co.'s Jaguar and Land Rover units. Source
Tata Motors
Again an Indian brand. It has ousted Mahindra & Mahindra in the first phase. Seems like a possible winner. With Tata, again the unions feel that jobs will be outsourced, so they are opposing it.
Economic Times bypassing the controversial possible outsourcing angle saying
Indian conglomerate Tata's rival bidders for US carmaker Ford's British brands Jaguar and Land Rover have questioned the company's idea of putting the two iconic luxury names alongside a car with nearly one-sixtieth price tag.
OneEquity
Union prefers OneEquity than these Indian companies. What business reasons are backing this one, is difficult to understand. May be OneEquity being from their own land (or continent) wont outsource jobs.
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