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Tata Motors Enters Into Definitive Agreement to Buy Jaguar Land Rover from Ford

It’s official — Tata Motors has entered into a definitive agreement with Ford Motor Co. for the purchase of Jaguar Land Rover, comprising brands, plants and Intellectual Property Rights. Tata Motors will pay for approximately $2.3 billion Jaguar Land Rover. At closing, Ford will then contribute up to approximately $600 million to the Jaguar Land Rover pension plans. The transfer of ownership to Tata Motors is expected to close by the end of the next quarter, subject to applicable regulatory approvals.

Dana Secures Contract To Supply Axles For Next-Generation Jaguar, Land Rover Programs

The estimated value for these programs total more than £300 million (approximately $370 million USD).

Tata Group Buying Jaguar, Land Rover: Move Reflects India’s Growing Power

The world got a little flatter Wednesday as India’s Tata Motors said it was buying two storied automotive brands, Jaguar and Land Rover, from Ford Motor. The $2.3 billion deal reflects India’s growing presence as an international economic player. Led by Tata Group, India has begun to emerge as a global powerhouse.

Ford Plans to Park Jaguar, Land Rover with Tata Motors

In what could be one of the most significant shifts of clout in the auto industry, Ford Motor will hand over the keys to its high-class Jaguar and Land Rover brands to a relatively unknown Indian conglomerate that wants to be a high-end player. The sale is expected to be announced today, according to a source briefed on the negotiations who did not want to be named because the deal had not yet been made public. Tata is to pay about $2 billion for the two brands, which cost Ford $5.3 billion, and continue building the British vehicles in the U.K.

Tata to Seal Jaguar, Land Rover Deal Next Week

From AFX News Limited CHICAGO — India’s Tata Motors will announce its purchase of luxury British brands Jaguar and Land Rover from struggling U.S. automaker Ford Motor Co. on March 5 or 6, industry press reported on Monday. Tata and Ford met with British union leaders last week to resolve final details before drawing up

India’s Mahindra & Mahindra Back in Race for Ford’s Jaguar, Land Rover

From AFX News Limited MUMBAI — India’s Mahindra & Mahindra, which had decided to pull out of the race to buy Ford Motor Co.’s loss-making Jaguar and Land Rover brands mid-September, has now revived its interest, The Economic Times reported, citing unnamed industry sources. Ford may welcome M&M’s re-entry as a result of increasing pressure

West Midlands Gigafactory Appoints EV, Battery Industry Expert

Richard Moore will lead global strategy for the firm.

Dana Supplies Spicer AdvanTEK Axles To New Land Rover Defender

Dana’s association with the iconic vehicle began when Land Rover specified Spicer front and rear axles in the early 1980s.

Jaguar I-PACE A Triple Winner In Road To The World Car Awards

The I-PACE received honors as the overall 2019 World Car of the Year, the 2019 World Green Car and the 2019 World Car Design of the Year.

Tenneco To Supply Suspension Technology On Jaguar E-PACE SUV

Tenneco’s CVSAe dampers are integrated in the Jaguar Land Rover Adaptive dynamic system, which senses road and driving conditions in real-time, independently adjusting each damper to provide a more comfortable and controlled driving experience.