Tata inks JLR deal with Ford

Homegrown auto major Tata Motors has clinched the Jaguar and Land Rover deal estimated to be valued between $2-2.5 billion.

According to sources close to the development, the deal was signed last evening and is estimated to have cost the Tatas between $2-2.5 billion.

The deal has taken almost nine months to finalise as both Ford and Tata and their financiers sought to iron out issues seen as crucial to the future of the two British marques.

It is expected to cover long-term supply of engines to both brands from Ford.

During the race for JLR, in which India’s Mahindra & Mahindra was also in running for sometime, Tatas gained the crucial support from Unite - main trade union of Jaguar and Land Rover.

Tata has made India proud once again. I came to know about this news from NDTV 24×7. It is an excellent channel for NRIs that provides comprehensive coverage to news related to India. This channel is available in the US only through DirecTV.

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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