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All you want to know about Jaguar, Land Rover
January 07, 2008
And now in 2008, Tata Motors is all set to lap up both Jaguar and Land Rover. Plagued by loss of sale and labour woes both at home and abroad, Ford Motor Company is in the midst of a major restructuring process. On January 3, Ford officially announced that the Tatas are the ‘preffered bidders’ but said the final outcome will be evident after serious negotiations that may take weeks.
A report carried by Hindustan Times said that the deal will also bring super car tecjhnology to the Tata Stable. The report also said that both Land Rover and Jaguar hold a number of technology patents, including one for a new engine that complies with Euro IV emission norms.
While both the companies did not comment on the possible valuation of the sales, sources in the know of the development said Tatas offered over $2 billion to acquire the two brands.
Land Rover may soon join the Tata Motors stable. Ratan Tata (inset).
Also read: The Indian-made Japanese car
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