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Breaking News - Jaguar/Land Rover change hands

By: Anantha :+: Under: Business, Cars, Tata
On: ⋅ March 25, 2008 ⋅  Email this post ⋅  Print this post ⋅ Post a comment
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And so it finally goes down… sort of.

Autoblog is reporting (via Autonews.com) that Ford and Tata have put in the finally signed off on a 2.65 billion deal. Finally, Tata gets its hands on Jaguar a once proud brand that has since fallen into bad hands and a inept management, and Land Rover, a iconic brand that has seen a sharp resurgence in the past few years.

One can’t say for sure that Ratan Tata is the knight in shining armor, but hope is certainly the last resort of the damned. And fans of the these brands, while not exactly the damned, can certainly hope for better days.

While Autonews mentions that Ford will pad up pension funds by almost 600 million before Tata takes over, more details are expected once Ford makes its formal announcement before the NYSE opens tomorrow.

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