Cars
It's official....aly depressing for Ford's accountants. Tata, a gigantic Indian industrial conglomerate, has purchased two historic and evocative British automotive brands from Ford Motor Company.
- As Nano Sales Fall, Tata Motors Invests On Jaguar And Land Rover To Raise Profits
When Tata Motors bought Jaguar and Land Rover from Ford in 2008, it had great plans for both brands. Driven by sales of the sub-$5,000 Nano, the Indian conglomerate would have enough funds to secure their future. Now it seems that the tables have turned,...
- Ford Officially Announces Jaguar & Land Rover Sale To Tata Motors For $2.3 Billion
Ford Motor Company issued an official statement today announcing that the sale of its Jaguar and Land Rover marques to India’s Tata Motors for approximately US $2.3 billion. According to Ford, the sale is expected to close by the end of the next...
- Tata May Appoint Ford Boss To Run Jaguar & Land Rover
The Indian Tata Group, which has been confirmed by Ford as the preferred bidder for the British marques Jaguar and Land Rover (see here), is likely to name a top Ford executive in Europe as chief executive of the Jaguar-Land Rover group according to a...
- Uk Workers Union Backs Tata In Jaguar – Land Rover Sale
India’s Tata Motor Company’s bid for Jaguar and Land Rover has received support from Britain's largest manufacturing union that represents Ford. Though the union backing is not essential for the sale, Ford will take it in consideration...
- India’s Tata Confirms Interest In Acquiring Jaguar & Land Rover From Ford
Just a few days before Jaguar launches the XF, probably the most important model in the past decade or so for the British carmaker, and India’s Tata Group chairman confirmed his company’s interest in buying Ford’s Jaguar and Land...
Cars
$2.7B + $2.5B = $2.3B? FORD SELLS UP
It's official....aly depressing for Ford's accountants. Tata, a gigantic Indian industrial conglomerate, has purchased two historic and evocative British automotive brands from Ford Motor Company.Ford paid $2,500,000,000 for Jaguar back in 1989. Ford paid $2,700,000,000 for Land Rover in 2000. With an approximate inflation adjustment, Ford's $2.5B into Jaguar works out to around $4.3B now, and the $2.7B it cost Ford to snag Land Rover from BMW works out to about $3.3B now. Ish.
See previous posts on the matter here
So if you want to make Ford look really, really, really bad, figure the math like this: Ford paid $7,600,000,000 for Jaguar and Land Rover and sold the two as a set for $2,300,000,000. Ford's beancounters say, "Umph!" Ratan Tata says, "Result."
Ford is even going to contribute $600,000,000 to employee pension funds. Thankfully, Tata is leaning towards maintaining the current workforce level in the UK of 15,300 workers.Â
As of 9:17am EST, Ford's "Global Sites" still included Jaguar and Land Rover. Who knows, they could be there for a while. Awkward.Â
- As Nano Sales Fall, Tata Motors Invests On Jaguar And Land Rover To Raise Profits
When Tata Motors bought Jaguar and Land Rover from Ford in 2008, it had great plans for both brands. Driven by sales of the sub-$5,000 Nano, the Indian conglomerate would have enough funds to secure their future. Now it seems that the tables have turned,...
- Ford Officially Announces Jaguar & Land Rover Sale To Tata Motors For $2.3 Billion
Ford Motor Company issued an official statement today announcing that the sale of its Jaguar and Land Rover marques to India’s Tata Motors for approximately US $2.3 billion. According to Ford, the sale is expected to close by the end of the next...
- Tata May Appoint Ford Boss To Run Jaguar & Land Rover
The Indian Tata Group, which has been confirmed by Ford as the preferred bidder for the British marques Jaguar and Land Rover (see here), is likely to name a top Ford executive in Europe as chief executive of the Jaguar-Land Rover group according to a...
- Uk Workers Union Backs Tata In Jaguar – Land Rover Sale
India’s Tata Motor Company’s bid for Jaguar and Land Rover has received support from Britain's largest manufacturing union that represents Ford. Though the union backing is not essential for the sale, Ford will take it in consideration...
- India’s Tata Confirms Interest In Acquiring Jaguar & Land Rover From Ford
Just a few days before Jaguar launches the XF, probably the most important model in the past decade or so for the British carmaker, and India’s Tata Group chairman confirmed his company’s interest in buying Ford’s Jaguar and Land...