Jaguar to be ‘spun off immediately’ after Tata purchase
So you’re probably wondering when will this Ford, Tata, Jaguar and Land Rover deal actually be completed. Well here is the recent twist in the much talked about American, British and Indian story. Indian sources have told Inside Line that after Ford settles its sale of Jaguar and Land Rover with Tata Motors, look for Jaguar to be quickly spun off.
Tata Motors, who has been the top preferred buyer of the two British brands, said that it hopes to buy the luxury brands from Ford in the forthcoming weeks.
A source, who wished to remain anonymous due to his role in the negotiations of the sale, told Inside Line that Ratan Tata, owner of Tata Motors, has purchased 450 acres of land in Gurgaon, outside of New Delhi, to build a factory to produce Land Rovers. “But Jaguar will be spun off almost immediately,” said the source.
Now we’re left wondering who is going to pick up Jaguar.
Source: Inside Line
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