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The long-brewed Ford Land Rover and Jaguar are currently entering the final stage. Ford has already decided to take over the Indian auto giant Tata and is expected to sign the sale intention agreement on March 5 or 6 in the United States at the earliest. Jaguar and Land Rover are luxury car brands that were born in the UK. Ford, which sells for years, hopes to focus on North American operations.
According to media reports, the prices of the two brands will be more than US$2 billion, and the sale intention was finalized after the negotiations between Tata and the union last Friday. Ford predicts that it will continue to provide engines to Land Rover and Jaguar. It is expected that the supply period will be as long as 5 to 10 years.
Tata is the largest commercial vehicle group in India. Its passenger vehicle sales rank second in India and is currently focusing on manufacturing low-priced cars. Ford, along with other American car makers, has fallen into a loss, losing $2 billion last year and losing a record $12.6 billion in 2006.
At present, Land Rover and Jaguar have entered China. It is not yet clear whether this sale will affect the business in China. (Finish)
Extended reading:
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