India’s Tata buys Jaguar and Land Rover from Ford

Posted: March 27, 2008 in MISC

India’s Tata Motors is buying the British-based luxury car marques Jaguar and Land Rover from Ford for 1.46 billion euros in cash.

Analysts have expressed concerns about how Tata will fund this deal given the current credit crunch, and how Jaguar and Land Rover will fit into its stable of vehicles, including the Nano, the world’s cheapest car.

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