Ford to sell Jaguar & Land Rover to India’s Tata Motors
The Ford Motor Co. has officially confirmed that it will be selling Jaguar and Land Rover to India automaker, Tata Motors. The $2.3 billion deal will likely be closed by the end of June 2008. Ford has said that it will cover up to $600 million in pension plans. Ford will also continue to supply powertrains, stampings and other components for the two luxury car brands. This move is part of Ford’s plan to better focus the company in the Ford brand.
Leave a Reply