 Ford would also open its books for a more comprehensive due diligence by Tata.On 18 March 2008, Reuters reported that American bankers Citigroup and JP Morgan would finance the deal with a US$3 billion loan.On 26 March 2008, Ford announced that it had agreed to sell its Jaguar and Land Rover operations to Tata Motors of India, and that they expected to complete the sale by the end of the second quarter of 2008.