Tata Motors completes acquisition of Jaguar and Land Rover
June 3rd, 2008 Leave a comment Visited 33 times, 1 so far today
Tata Motors completes acquisition of Jaguar and Land Rover
Indian automaker Tata Motors has announced that they have now completed the acquisition of Jaguar and Land Rover.
Tata acquired these two historic marquees from US based auto giant Ford.
The deal was worth around 2.3 billion dollars.
Tata said in a statement that the deal includes ownership of Jaguar and Land Rover in addition to all necessary intellectual property rights, manufacturing plants and two Britain-based advanced designing centers.
Ratan Tata, chairman of Tata Motors added: “Jaguar and Land Rover are two iconic brands with worldwide growth prospects. These brands will retain their distinctive identities. We plan to work closely to support the Jaguar-Land Rover team in building the success and preeminence of the two brands.”
It would be interesting to see how Tata performs with these two brands.
Automobiles, Cars, Ford, India, Jaguar, Land Rover, Ratan Tata, Tata Motors, USA
Manuj Kumar
Category: Acquisitions, Automobiles
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