Tata will officially announce its purchase of Jaguar and Land Rover from Ford on March 5 or March 6, according to Automotive News.

The agreement date comes after last week’s talks with trade union leaders. Roger Maddison, national officer of Unite, the largest union in the UK auto industry, told Automotive News Europe, that Tata had agreed to meet the job guarantees sought by the unions. He said, “Everything seems fine as far as we are concerned; it's just the lawyers working on it now.