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Ford sells Land Rover and Jaguar to Tata

 
Mar 27, 2008  
 


The Ford Motor Company just said that it has agreed to sell its Jaguar Land Rover business to Tata Motors of India. The firm says it expects to complete the deal by the summer when it will focus on its "One Ford" global change. Tata will pay some $2.3bn in cash for Jaguar Land Rover. Ford will continue to sell powertrains, stampings and other parts and technologies to Jaguar Land Rover. Ford Motor Credit Company will help Jaguar and Land Rover dealers and customers with finances for a transitional period of up to 12 months.
   

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