Tata takes over Jaguar and Land Rover in £1.5bn deal

Indian company Tata Motors is to take over the running of motoring marques Land Rover and Jaguar in a deal worth around £1.15bn (€1.5bn).

Wed, 26 Mar, 2008 - 13:10

Indian company Tata Motors is to take over the running of motoring marques Land Rover and Jaguar in a deal worth around £1.15bn (€1.5bn).

Tata will replace US car giant Ford as the new owner of the companies in a move which will safeguard thousands of UK jobs.

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CourtsBusinessHeathrowPlace: USPlace: UKPlace: BridgendPlace: DagenhamPerson: Tony WoodleyPerson: WoodleyOrganisation: TataOrganisation: JaguarOrganisation: Land RoverOrganisation: Tata MotorsOrganisation: FordOrganisation: Unite union
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