European Commission clears Tata’s Jaguar dealApril 25th, 2008 - 11:10 pm ICT by admin
Brussels, April 25 (IANS) The European Commission (EC), the executive panel of the 27-member European Union, cleared the acquisition of the Jaguar and Land Rover business (JLR) of US-based Ford Motor Company by India’s Tata Motors Ltd. The EC announced here Friday that it has granted clearance under the EU Merger Regulation, EuAsiaNews reported.
Tata Motors manufactures passenger cars, commercial vehicles and buses primarily in India and sells light commercial vehicles and passenger cars in the European economic area.
Jaguar mainly manufactures luxury passenger cars and Land Rover produces sports utility vehicles.
The operation was examined under the simplified merger review procedure, noted an EC statement.
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