Tata Motors soon to finalise Jaguar deal

India on the global map is getting more and more visibility. Thanks to Indian multinationals. Indian news is getting more and more visibility on the news channels. Thanks to NDTV 24x7.

Tata Motors Ltd was satisfied with the progress of negotiations with US carmaker Ford Motor Co to buy British marquee brands Jaguar and Land Rover and would soon reach an agreement. The deal is expected to cost $2 billion. Ford, which bought Jaguar in 1989 for $2.5 billion, and Land Rover in 2000 for $2.73 billion, is selling off the two iconic British luxury brands to recoup losses made in its American operations.
I am sure Tata can turn around the losses into profits over a period of time and bring international cars on Indian roads. It would be interesting to learn how Tata manages Nano and Jaguar under the same company.

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