Ford Reaches Deal to Sell Land Rover and Jaguar
New York Times, March 27, 2008
By HEATHER TIMMONS and NICK BUNKLEY
NEW DELHI — Tata Motors, part of India’s fast-growing Tata Group is buying Jaguar and Land Rover from the Ford Motor Company for $2.3 billion — about half what Ford paid for the brands when it bought them. The long-awaited deal, which was announced Wednesday, also carries a painful payout for Ford after it closes. Ford will give Tata an additional $600 million to make up for shortfalls in pension plans when the deal is done, expected in the middle of this year.
Tata Pulls Ford Units Into Its Orbit (January 4, 2008)
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