Tatas clinch Jaguar, Land Rover deal

March 26th, 2008 - 1:02 pm ICT by admin  


Mumbai, March 26 (IANS) Tata Motors clinched the deal Wednesday with Ford to acquire its two most luxurious British brands - Jaguar and Land Rover, for over $2 billion, informed sources said. The details of the deal, which has been under negotiations for nearly eight months, are likely to be announced later in the afternoon.

A spokesman for Tata Motors here told IANS: “We shall make an announcement at an appropriate time.”

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