India's truck and car maker Tata Motors announced on Monday it had completed its acquisition of Jaguar and Land Rover from ailing United States car maker Ford for $2,3-billion. The company said the deal includes the "ownership of Jaguar and Land Rover, all necessary intellectual property rights, manufacturing plants and two Britain-based advanced designing centres".
India's Tata Motors said on Wednesday it had bought British luxury icons Jaguar and Land Rover from struggling United States carmaker Ford for $2,3-billion as it expands its global reach. The all-cash deal is part of Tata's efforts to grow outside Asia, but analysts have questioned how the Indian firm will absorb the two high-end marques into its operations.
Colin McRae, who died in a tragic helicopter crash alongside his five-year-old son Johnny on September 15, was born with his foot firmly on the accelerator. Rallying, and indeed daredevil pursuits, was in the blood for McRae, who was born in Lanark in southern Scotland on August 5 1968. His father Jimmy was a five-time British rally champion. His brother Alister is also former champion.