Tata Motors fancying Jaguar, Land Rover?

[directinjection]

Originally Posted by Sahil

ITS A DONE DEAL !
Hats off to Tata ... deal closes at $2.6billion.

$2.6 billion
That's way above the figures discussed till now.
The lot more synergistic acquisition of Daewoo Commercial Motors had cost Tata just $110 million! I just hope they know what they're doing.

[Bimster]

^No $2billion is the latest number and Ford will contribute $400m to the pension fund.Camparing JLR to Daewoo truck company is nt quire fair synergistic or not.it will take a lot of money to run it and improve it but LR still made a decent profit last year.Congrats Tata and fellow Indians-reverse colonialism is in action!

[SohailPistawala]

Hey guys there is more news... check the link out below

Tata Motors faces rising costs for Ford brands- Automobiles-Auto-News By Industry-News-The Economic Times

[safari_lover]

And here is what Tata will inherit.

Link: The Cat`s finally in the bag=

Once again Congratulations to Tata and India!

[Blue_V]

now what will tata do with Jag?

[-GS-]

The deal has been endorsed by trade unions, which secured a commitment from Tata to continue with JLR's production plans until the end of 2011. This includes development of new models.

Tata at wheel of Jaguar after £1bn-plus deal - Telegraph

[Pal-leo]

Woow What an achievement.. Hats off to TATA.. was closely following it with a friend of mine who works for Land Rover.. What a deal..

[directinjection]

Originally Posted by Bimster

Camparing JLR to Daewoo truck company is nt quire fair synergistic or not.it will take a lot of money to run it and improve it but LR still made a decent profit last year.

Daewoo Commercial Vehicle Co. has indeed been making profits since the takeover by Tata. Check this: The Hindu Business Line : Tata Daewoo going strong; lines up growth plans

The cost of acquring Daewoo CV Co. was about 1/20th the cost of acquiring JLR. Also, there were no binding long term contractual obligations of the type involved in JLR acquisition. Daewoo acquisition helped TM bridge a significant gap in its product line-up - genuine HCVs. The JLR deal will also be bridging such gaps but at a much much higher cost.

[Swaroop77]

Hmm, so now TATA will have the world's cheapest car Nano and a luxury Jag sitting side by side in their showrooms? They are really taking the concept of a car for everyone to an extreme!

[vabs78]

This is a proud moment. All this after just 60yrs of indipendence. Well done TATA, we are proud of you!

[Krishna_Pondy]

Ford has finally confirmed the sale of Jaguar and Land Rover to Tata for $2.3 billion at a statement released at 8:00 AM EST today.

Ford has agreed to infuse $600 million into Jaguar and Land Rover pension funds after the deal closes around end of June. The deal however remains subject to various regulatory approvals.

Ford will not retain any ownership stake and as part of the transaction, Ford will continue to supply powertrains, stampings and other vehicle components along with a variety of technologies for different periods of time.


According to the unions,the sale will include a commitment by Tata to continue buying engines from Ford.

I am now proud that an Indian automobile company owns 2 of the worlds most premium and legendary brands......time for celebration

[BaCkSeAtDrIVeR]

Tata, Congrats!!!

Unlike their other collaborators, you have learnt a lot from Daimler / Merc during your association with them. Unlike most other Indian corporates, you people had the foresight to start R&D and inhouse testing capabilities. Please do keep up the good work.

[Nitin]

Quite a milestone in Indian history. Thats going to be one fine feather in the hat of Ratan Tata.
Lets see how things work out for TATA now. An entry into the global market with their name tag could mean some serious popularity & roaring sales.

[msandeep]

Well doneTATA you have made India proud with pride

[jkdas]

http://www.team-bhp.com/forum/indian...over-deal.html (TATA finally bags the Jaguar and Landrover deal)