Automotive News reported earlier today that the Detroit based car maker Ford Motor Company is narrowing down the potential buyers of their car brands Land Rover and Jaguar by the end of the week. The company have confirmed a few names possible to own the two luxury car brands of Ford.

The rumors about Tata Motors, One Equity, Ripplewood, TPG and Terra Firm to own the two Ford brands are again bugging the net. The price will be $1.5 billion for them to acquire the said brands. Ford is expecting to close the bids to $8 billion but I guess it is not safe to expect since these two brands are noted to have a huge decline on sales the past months. Not like Dodge, the maker of Dodge fender covers the two brands are struggling so hard to sell in the US car market.