Saturday, 29 March 2008

Tata buys Jaguar and Land Rover in £1.15bn Deal

It was revealed on Tuesday that American Giant, Ford has sold Jaguar & Land Rover to the Indian Company, TATA. It was confirmed that the deal was made for £1.15bn.

The negotiations started last June when Ford announced its intention to sell the companies as a package together.

"We are very pleased at the prospect of Jaguar and Land Rover being a significant part of our automotive business," Tata said.


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