KBTX | Bryan & College Station, TX | Aggieland News

Ford sells Jaguar, Land Rover to India's Tata Motors

By: AP
By: AP

DETROIT (AP) - Ford stands to come away with 1.7 billion dollars
when it's all over, by selling its Jaguar and Land Rover brands to
India's Tata Motors.
Ford bought Jaguar for 2.5 billion dollars in 1989 and Land
Rover for 2.7 billion in 2000. But the automaker has been
struggling and wants to focus on its main brands.
A statement from Tata says the company will pay 2.3 billion
dollars for Jaguar and Land Rover, roughly a third of what Ford
paid for the two luxury brands. Ford will then have to pay about
600 million dollars into the Jaguar-Land Rover pension fund when
the deal closes.
One analyst says Tata should have the cash to rescue the brands
and develop new products to better compete with luxury automakers.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 17016566 - kbtx.com/a?a=17016566