Ford Owned Jaguar and Land Rover are now Tata’s
Posted by on 27th, 2008
Tata Motors Ltd will pay $2.3 billion to buy Jaguar and Land Rover from Ford Motor Co, in a takeover intended to give a major boost to the Indian automaker’s image abroad.
When Ford Motor Company - the owners of the brands for the last 18 years - put the Jaguar and land rover for sale, the Tatas, Mahindra & Mahindra and Jacques Nasser, former CEO of Ford, expressed interest. Mahindra and Nasser backed out after Ford and worker unions at the company indicated they were comfortable with the Tatas.
So now Jaguar and Land rover are India’s!!!
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