According to rumors, the PSA group would be in talks with Tata to buy JLR

At present, Jaguar Land Rover belongs in its entirety to the Indian company Tata – best known in this country for having the Tata Nano, which was the world's cheapest new car when it came out, even though we never found it in the United States.

Tata's property on JLR had its UPS and the socksAccording to a Reuters report released Thursday, he plans to sell the British brands to the PSA group (where Peugeot and Citroen are located).

Now, the two companies have publicly denied being in talks, but that does not mean that it does not happen in secret. Rumors made PSA's shares jump a little when the report was released, but they fell again shortly thereafter.

"In general, we do not comment on media speculation, but we can confirm that these rumors are not true," said a representative of Tata Motors on behalf of Jaguar Land Rover.

The PSA Group recently acquired Opel and Vauxhall from General Motors and has also been at the center of other rumors of acquisitions, this time with Fiat Chrysler. Both in this case and with JLR speculation, PSA has indicated its willingness to party, figuratively.

So what would a takeover of the PSA group mean for the big British brands? It's hard to say, but since JLR is looking down the barrel of Brexitand its owner recorded a $ 4 billion loss for its fiscal quarter ended December 31 of last year; any help would probably be welcome.

The PSA group did not respond immediately to requests for comment.

Originally released on May 9 at 14:12. PT.
Update, 2:36 pm: Add the official denial of Tata and JLR.