UK - Final stages of Jaguar Land Rover auction faces pension trouble

The final stages of the auction to divest Ford's Jaguar and Land Rover divisions are being hindered by a reported ТЃ1bn deficit in the group's pension fund. The shortfall means that Ford is likely to have to sweeten the deal for Tata and One Equity Partners, the two buyers in detailed negotiations for the business. It is understood Ford will take a minority stake in Jaguar Land Rover following the deal. Insiders report that despite Tata and One Equity's progress, the deal could still be won by a third party.