Jaguar & Land Rover sold to Tata Motors
March 25, 2008 by Terence
Ford, the owner of Jaguar and Land Rover will be selling off its stake in them to Tata Motors of India. This is following the sale of Aston Martin last year.
The deal according to Financial Times is worth some USD$2 Billion, with the official announcement to be made this Wednesday.
Volvo is now the sole remaining marque under Ford’s PAG (Premier Automotive Group).
Posted in Ford, International News, Jaguar, Land Rover, Tata, Volvo
Terence
