Ford to announce Jaguar sale to Tata on Wed
DETROIT (Reuters) - Ford Motor Co is due to announce its agreement to sell its luxury brands Jaguar and Land Rover to India's Tata Motors Ltd ,for about $2 billion on Wednesday.
Ford, which lost $2.7 billion in 2007 and $12.6 billion in 2006, is spinning off Jaguar and Land Rover to focus on turning around its loss-making operations in North America.
oh then wish it was lebanon lol
"There's good in everyone, sometimes people just get diverted to the wrong path"
Din't they buy "Proton" and "Lotus" a few years back ?
Wish it was indonesia instead :(
"There's good in everyone, sometimes people just get diverted to the wrong path"
I can understnd the Frustrations cool no need to worry, Indians know how to do business.
Dragonfly you are right India & China will take the control soon
RIP Jaguar..
So when will the Jaguar pick-up truck be on the market then?
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Bravo to Tata India. China and India will take over the business in the world slowly with lots of effort, of course. So good luck China and India.
Everybody is right Everybody is wrong, it depend where we stand.