Wednesday, March 26, 2008

Tata, Ford, Jaguar and Land Rover

It's official - Ford has sold Jaguar and Land Rover to the Indian Tata Group for $2.3 billion (approx. £1.15bn). Read the BBC report: Tata buys Jaguar in £1.15bn deal
and the Tata Group's press release: Tata Motors enters into definitive agreement with Ford for purchase of Jaguar Land Rover.

Tata doesn't expect any "significant changes" to Jaguar or Land Rover employees' terms of employment, meaning that jobs are safe. The deal is expected to be completed by the end of the summer.

Wonder whether the Indians can finally make Jaguar profitable again.

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