Ford Motor Company has agreed to sell its Jaguar and Land Rover brands to Tata Motor Group for $2.3 billion. Ford will infuse $600 million into the brands' pension fund once the deal is complete sometime in June, at which time Ford will receive $1.7 billion.
From Dealer Digest Daily
March 26, 2008
Friday, March 28, 2008
Ford to sell Jaguar and Land Rover to Tata for $2.3B
