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March 3, 2021
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FORD-JAGUAR
(2008-03-26)
(wgvu) - FORD IS EXPECTED TO ANNOUNCE THE SALE OF BRITISH
AUTOMAKERS JAGUAR AND LAND ROVER TO INDIA'S TATA MOTORS TODAY.
TWO PEOPLE BRIEFED ON THE NEGOTIATIONS TELL THE ASSOCIATED PRESS
THE SALE PRICE IS AROUND TWO BILLION DOLLARS. THE PEOPLE DIDN'T
WANT TO BE IDENTIFIED BECAUSE THE SALE HASN'T BEEN FORMALLY
ANNOUNCED.
THE DEARBORN-BASED AUTOMAKER SAYS IT WILL USE MONEY FROM THE
SALE TO BOOST QUALITY AND PRODUCT DEVELOPMENT AT FORD.
A BRITISH UNION SAYS TATA HAS AGREED TO KEEP THE BRITISH WORK
FORCE AROUND THE CURRENT 15,300.

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