American auto major Ford Motor Company is looking to buy out the passenger vehicles division of Tata Motors, CNBC-TV18 said on Wednesday. The reports came day after another financial daily reported Tata Motors is in talks with Germany’s Volkswagen over a possible partnership. On the other hand, Tata Motors’ passenger vehicles segment has fallen for the past four years. While both the reports are source-based and could not be confirmed independently, one thing is certain: Tata Motors needs a helping hand to stand up again. Also, Volkswagen Group owns luxury brand Audi, a rival of Jaguar Land Rover, which is owned by Tata Motors.

Source: Hindustan Times February 22, 2017 12:45 UTC