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Tata's acquisitions of Jaguar, Land Rover get European "Go"
Filed under: Opinion
Papers were sign, promises were made, and credit flowed as Ford Motor Co. sold luxury marquees Jaguar and Land Rover to Indian automaker Tata. All done, right?
Uh, not quite. What wasn't so obvious was that it wasn't a done deal without approval from the world's regulatory authorities.
The $2.3 billion purchase by Tata was done in hope to make the Indian brand a player in the worlds luxury segments, and to provide an instant cachet that it would not be able to gain otherwise.
US anti-trust authorities okayed the sale very quickly. However, only within the past weeks saw the approval of the European equivalent.
Our take? Perhaps we can finally, emphatically say... Tata has purchased, and now owns and runs both Land Rover and Jaguar.
via cartradeindia
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