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Wednesday, February 20, 2008

Tata to Spin Off Jaguar, Keep Land Rover

The sale of Jaguar and Land Rover has yet to be completed, but that hasn’t stopped Tata Motors from preparing to make major changes at the companies. According to a source familiar with the negotiations, “Jaguar will be spun off almost immediately.”

British labor unions supported Jaguar’s sale to Tata over rival bids from fellow Indian automaker Mahindra & Mahindra and an American private equity firm. Both companies could eventually attempt to buy Jaguar from Tata should these reports become true. Recently Tata purchased 450 acres of land outside New Delhi, where the source says Land Rover production will be relocated.

Ford announced Tata Motors was the preferred buyer of Jaguar and Land Rover back in January and the sale could be completed in the next few weeks.

Related entries:

Tata to Win Jaguar & Land Rover Battle


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