Ford announced on Wednesday the sale of its Jaguar and Land Rover luxury brands to India’s largest automaker, Tata Motors. The deal will include the brands, plants and Intellectual Property Rights, all for a cash sum of about $2.3 billion, with a commitment from Ford to pay out $600 million in future pensions to […]

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A day ahead of the planned official announcement of Tata’s purchase of Land Rover and Jaguar from Ford, come details of the deal from an Indian TV news channel. NDTV Profit reported on Tuesday the purchase was made for $2.65 billion, but won’t reveal its sources. Tata spokespeople will not comment on the reports […]

Continue reading " Ford and Tata deal details leaked early "

While it’s no secret that Ford is preparing to sell its Land Rover and Jaguar brands to India’s Tata Motors, the Michigan-based automaker will reportedly make the official announcement of the sale on Wednesday. According to the Financial Times, Ford will announce the $2 billion deal sometime on Wednesday. The deal will likely include […]

Continue reading " Ford to announce sale of Land Rover, Jaguar to Tata Motors on Wednesday "