India’s Tata and M&M mull Jaguar and Land Rover bid

Indian carmaker Tata Motors and tractor manufacturer Mahindra & Mahindra are reportedly considering a bid for Jaguar and Land Rover in a deal estimated at roughly $1.5 billion. According to analysts, Tata is in negotiations with Fiat surrounding a deal to finance the bid for the British marques. The two carmakers are already in a joint-venture to produce Fiat cars in India, reports the Economic Times, and Fiat was also rumoured to be interested in acquiring Jaguar’s RWD architecture and Land Rover’s SUV platforms.

There’s also talk that one of a number of private equity firms could team with Tata as well, but we’ll have to wait until Ford makes its official announcement, which is due any day now. According to sources, Tata has instructed several merchant bankers to evaluate the possibility of a joint offer for Jaguar and Land Rover, and both Tata and M&M have recently signed confidentiality agreements.


Source: Motor Authority » India’s Tata and M&M mull Jaguar and Land Rover bid

If Tata gets Jaguar and LR, and hope they keep the quality there and keep producing quality cars, not drag them down market.

offcourse they wont drag them down market.LR could provide some useful technology for Tata's SUV models.Jaguar do not have any business synergies with Tata,but they can be useful to build a brand image.As of M&M only LR will be of any significant benifit.

Land Rover and Vauxhall are owned by the Americans. MG-Rover is now Chinese and Jaguar to be bought by an appalling Indian car brand. Just shows the UK is definitely paying for past sins.

What else next? A ridiculously billionaire Rabbi to buy Volkswagen?

Well Jaguar is owned by Ford,incase u didn't know.

Kowalski said:

Land Rover and Vauxhall are owned by the Americans. MG-Rover is now Chinese and Jaguar to be bought by an appalling Indian car brand. Just shows the UK is definitely paying for past sins.

What else next? A ridiculously billionaire Rabbi to buy Volkswagen?

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Apalling? I'm sorry if Tata cars don't meet your standards, but Jaguars don't reach my standards. I'd rather buy a TATA then a Jag any day. Tata might not make the most advanced cars in the world but the cars they make work and work well. TATA makes the most easily repairable cars that I've ever seen. I know, because my family deals with hundreds of cars in India. TATA cars can be fixed with stuff that can be found in hardware stores and they are very very reliable. Last time I checked, Jag is not reliable.

tata is moving on up..
baller style

on the other hand.. i dont know how much jag and LR will aid them
other than they can take over their factorys.. discontinue the brands..
and start selling SUPER cheap tatas in europe and USA

Another private equity firm to bid for Land Rover and Jaguar, announcement to be made next week

Private investment in car companies is all the rage these days, so it’s no surprise to see equity firms circling the Land Rover and Jaguar sales like vultures. The last firm to express its interest is TPG, an American firm that owns stakes in MGM, Neiman Marcus, Alltel Wireless and is even considering a purchase of Qantas, Australia’s biggest airline. The only other automotive asset owned by TPG is the motorbike manufacturer Ducati.

The purchase of both companies would be a drop in the pond for TPG, which has the brains and cash to turn both around. A Ford spokesman was quoted as saying “we’ve been here a long time. We understand our responsibilities toward our businesses and our employees” earlier this week. Ford retained a small share in Aston Martin when it sold the firm earlier this year, and it’s expected they’ll do the same with Land Rover and Jaguar.
Ford has said it will make an announcement next week regarding the future of the companies and will select two bidders that will begin their due diligence soon.


Source: Motor Authority » Another private equity firm to bid for Land Rover and Jaguar, announcement to be made next week

Tata Motors buys Jaguar and Land Rover.
DOW JONES NEWSWIRES
July 26, 2007 5:12 a.m.

NEW DELHI (Dow Jones)--India's Tata Motors Ltd. (500570.BY) has acquired Jaguar and Land Rover, Indian news channel CNBC-TV18 reported Thursday, citing unnamed sources.

A Tata Motors executive however declined comment when contacted by Dow Jones Newswires.

"Tata Motors does not have any comments to make. Tata Motors does not comment on mergers and acquisitions," said Debasis Ray, head of corporate communications.

Ford Motor Co. (F), which owns the two brands, also said the report was inaccurate and that it was still evaluating options.

Tata Motors, which makes buses, trucks and passenger cars, is India's largest commercial vehicle maker by sales. Last month, Ford hired advisors to help sell Jaguar and Land Rover, both part of its Premier Automotive Group (PAG), in a move expected to reap as much as $8 billion, according to some estimates.