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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 as the company will remain one of the most significant employers in the UK even after it gets “rid†of the two British brands. -Continued As we speak, there are three main bidders for the Jaguar and Land Rover brands, two Indian companies, Tata and Mahindra & Mahindra and, One Equity, a JP Morgan-owned buyout group led by former Ford chief executive Jac Nasser. The three bidders made their presentations to representatives of the British union at Land Rover's factory in Solihull. After the presentation, Tony Woodley, joint general secretary of the manufacturing workers' union Unite, said: "Based on serving the best interests of the union members at Jaguar Land Rover, the stewards agreed that Tata best fit these criteriaâ€.
Via: InidaTimes
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Tata Reportedly Developing Its Own Land Rover Discovery Sport-based Model
It seems that the acquisition of Jaguar-Land Rover by India’s Tata Motors wasn’t all just about the new investors’ desire to finance the group but to also improve its own vehicles. Now, we hear rumors of a possible Land Rover Discovery...
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Jaguar And Land Rover To Enter Indian Market For The First Time
Tata's newly formed "Jaguar Land Rover" premiere car group has announced that it will enter the Indian market for the first time later this year. The Jaguar and Land Rover models will be distributed in the country by the British group's owner,...
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Breaking News: Tata To Announce Purchase Of Jaguar & Land Rover On March 5
According to a report from Automotive News citing Ford insiders, Indian Tata Motors will announce its purchase of Jaguar Land Rover on March 5 or 6. From what it seems, the sale has been set and the only thing left is to sort out some minor details between...
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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...
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$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....
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