Tata seals deal for Land Rover & Jaguar
Ford has pretty much confirmed that they’ve sold their Land Rover and Jaguar divisions as a package deal to Indian carmaker Tata. It is expected that US$ 2 billion will change hands, and the official announcement will be made at the beginning of March during the 2008 Geneva Auto Show.
While British factory workers at Land Rover applauded the deal originally, there are stories going about that Tata intends to shift production of the 4x4s to India.
Also, Tata plans to sell Jaguar off to a third party, since they did not want the ailing brand anyway, but Ford wanted to sell the two nameplates in a package deal. So don’t expect to see the leaping cat on a Nano anytime soon.