Tata buys Jaguar and Land Rover
Posted by: Aram on
Mar 26th, 2008 |
Filed under: Ford, Jaguar, Land Rover, News
As widely expected, Ford has announced it has sold Jaguar and Land Rover to Tata for $2.3 billion, which is less than half of what Ford initially paid for those 2 brands. The transfer is to take place at the end of second quarter.

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Early Tuesday morning, due to severe weather conditions, there was a horrific accident on Abu-Dhabi-Dubai highway, near Ghantoot. It is reported that it involved 200 vehicles, including 25 of those that went up in flames. Early report suggests a death toll of 6, with hundreds injured.