Jaguar and Land Rover sell to Tata

Two of Britain's most famous car-making names are now under Indian ownership.

In a £1 billion deal, India's Tata will take control of Jaguar and Land Rover.

The deal secures the future of the British firms and their 16,000 employees while also helping Ford out of financial troubles.

Unions representing the workers at the two companies have given the deal their backing and say Tata was always the preferred bidder.

Tata began the protracted buying process in June 2007 when Ford first announced its plans to sell off Jaguar and Aston Martin.

This announcement followed shortly after Ford had sold Aston Martin for £550 million.

Ford is also thought to have guaranteed pensions for the Jaguar and Land Rover staff.

Tata is the largest vehicle manufacturer in the Indian sub-continent and recently revealed its Nano small car, which is set to be the world's cheapest new car at £1,250.

Alisdair Suttie

Send by Messenger

Email this article

Latest Message Board Threads

Re: hi all, regarding new tax rates (Paramount Performance)

Legally delay paying road tax (Mikeman)

Re: Mondeo LX 2.0 DTCI 2004 saloon (ZeroENews)

Tesla Roadster - 2009 Signature Edition - 99000 Euros (lucky)

Related Videos for jaguar

	Jaguar XF SV8 The XF epitomises all things Jaguar - tradition, innovation and performance.
	Jaguar XK Convertible Powerful, lightweight and a true sports car, the new Jaguar XK personifies the company's heritage and traditions.
	Jaguar XKR Coupe 4.2 V8 supercharged Better than anything that's gone before, including the E-type, the new XKR will perhaps prove to be the ultimate Jaguar coupe of all time.