Ford Sells Jaguar and Land Rover to India's Largest Automaker
by KBB.com Editors | April 21, 2009 9:20 AM
In a move the automaker says will allow it to focus on its core brands, Ford has announced the sale of Jaguar and Land Rover -- brands it has owned since 1990 and 2000, respectively -- to India's Tata Motors for the tidy sum of $2.3 billion. The transaction should prove transparent to current and prospective Jaguar and Land Rover owners, who aren't likely to notice any changes. Ford also reassured current Jaguar Land Rover employees, stating that, "the parties do not anticipate any significant changes to Jaguar Land Rover employees' terms of employment."