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Thursday, Dec 8, 2022
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Ford sells Jaguar, Land Rover to India’s Tata Motors

DETROIT — Ford Motor Co. is selling its storied Jaguar and Land Rover brands to India’s Tata Motors Ltd. in a deal that will net the U.S. automaker $1.7 billion — roughly a third of the price it paid for the two luxury brands. The deal will expand the Indian carmaker’s reach around the globe and give Jaguar and Land Rover badly needed capital to update and expand their product lines. The agreement had been in the works for months as cash-strapped Ford sought money to fund its turnaround plan. For the full story visit http://www.latimes.com/business/la-fi-jaguar27mar27,1,6031580.story

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