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Hard work and tough decisions have combined with more favourable market conditions to help India’s Tata Motors revive Jaguar and Land Rover.
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".
It was during the recent launch of the Jaguar XF that motoring scribes realised that we were all in agreement about the XF being a classically beautiful car.
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.
Thousands of workers at Jaguar and Land Rover plants are expected to be told on Wednesday that the marques have been sold to the Indian conglomerate Tata. It is understood that a deal between Tata and Ford over the sale of two of the best known names in British car making was concluded on Tuesday night.