After months of will-they or won't-they, of when and for how much, Tata and Ford have finally inked a deal that will transfer ownership of the iconic British brands to the Indian Tata Motors. The price is reportedly close to $2.3 billion. In addition Ford will contribute $600 million to Jaguar Land Rover pension plans.
Full story here ...
Here's Auto Observer's take: Ford Sells Jaguar, Land Rover to India's Tata for $2.3 Billion and Tata Gets Near-Death Jaguar, Recovering Land Rover from Ford In U.S.
Here's Inside Line's take: Ford Sells Jaguar, Land Rover to Tata and Tata Faces Major Work on Jaguar, Land Rover
Here's Inside Line's take: Ford Sells Jaguar, Land Rover to Tata and Tata Faces Major Work on Jaguar, Land Rover
ateixeira says:
09:20 AM, 03/26/08
Finally. Seems like this has been a rumor for about the past 17 years.
dougtheeng says:
12:49 PM, 03/26/08
A sad day for "English" automotive.
iskch says:
12:57 PM, 03/26/08
A simple tune for the transaction: tata tataahh!!
firstwagon says:
06:58 PM, 03/26/08
"A sad day for "English" automotive."
Compared to when they were bought by Ford?
At least Tata would take one of their plain front drive family sedans, give it some Jag trim and say "Hey look, it's an X-type"
estreka says:
12:17 PM, 03/27/08
^ Agreed. Jaguar really suffered under Ford. Land Rover, not so much.