Jaguar and Land Rover Sale Thread

[Merc1]

That would be interesting, but also a likely mess I think.

M

 

[Bartek S.]

JLR announcement "next week"
http://www.autocar.co.uk/News/NewsArticle/AllCars/231459/#
The wait could be almost over - Tata Motors seems set to announce the completion of Jaguar and Land Rover as early as next week. Indeed, sources close to the deal suggest the news is likely to break on either Wednesday or Thursday.
The announcement is being held back until after the launch of the new Fiesta at the Geneva Show pressday next Tuesday. But according to a report in Automotive News Europe, British union leaders have now agreed to guarantees about the company's future made by Tata, and the way is clear for a formal transfer of ownership as soon as possible.
A Ford spokesman refused to either confirm or deny that a definitive date for the announcement had been made: "our official position is that an agreement will be reached soon. We're not saying more than that at this point."
http://www.autocar.co.uk/News/NewsArticle/AllCars/231459/

 

[siko]

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 Tata Motors and Ford Motor Company.
The article supports that the dates where agreed between Tata and Ford following the positive talks with UK trade union leaders last week. Roger Maddison, national officer of Unite, the larges trade union in the UK auto industry, told Automotive News Europe, “everything seems fine as far as we are concerned; it's just the lawyers working on it now."

[Source: AN/CarScoop]

 

[Bartek S.]

Update: Jaguar and Land Rover costing Tata $3 billion?


Updated: Latest reports are claiming Tata is seeking $3 billion dollars in loans to acquire the Jaguar and Land Rover brands. The information comes from people close to deal, who told Bloomberg Tata has contacted investment banks Citigroup and JPMorgan Chase about securing the loan. Ford, meanwhile, was expected to announce the deal in the next couple of days but it appears we won’t find out the final details until next week at the earliest. Part of the reason was that Ford didn’t want to overshadow the launch of its new models at the Geneva Motor Show by announcing that it had finally sold Jaguar and Land Rover.

 

[Habitual Speeder]

Update: Autocar - JLR takeover imminent

 

[VroomVroom]

Re: Jaguar and Land Rover sale within two months

Sell it 2 TATA...The world needs cheap jags and rovers/....

Don't sell it to TaTa, okay we need cheap Jags and LR's but we also want quality ones

 

[Bartek S.]

 

[sunnyman12]

haha sweet picture

 

[Habitual Speeder]

It's, now, official: Autocar - Tata takes control of JLR

 

[Sunny]

Lol, nice payback for all those years of British colonial rule.

 

[M.Toni]

I think this is the a near end for Jag and LR or at least the same thing is going to happen like MB + Chrysler.

 

[VroomVroom]

I think this is the a near end for Jag and LR or at least the same thing is going to happen like MB + Chrysler.

Hummm we will just have to wait and see "TaTa", a bit of a "LaLa" name, might do good for the company emphasising the word "MIGHT".

Ohh well thats my trip to the Land Rover production factory canceled

 

[Yaz]

$2.3 billion in CASH?

 

[SDNR]

With all the new wealth in India ...and Indian's historical love for extravagance and prestige, I wonder if they will finally produce a proper Daimler limousine to compete with Rolls and Maybach.

Daimler, Britain's oldest marque (no connection with Daimler-Benz), has been owned by Jaguar since 1960. Before Daimler was acquired by Jaguar, it was considered by many to be Britain's most aristocratic marque -- even more so than Rolls-Royce.

 

[Wolfgang]

With all the new wealth in India ...and Indian's historical love for extravagance and prestige, I wonder if they will finally produce a proper Daimler limousine to compete with Rolls and Maybach.

Daimler, Britain's oldest marque (no connection with Daimler-Benz), has been owned by Jaguar since 1960. Before Daimler was acquired by Jaguar, it was considered by many to be Britain's most aristocratic marque -- even more so than Rolls-Royce.

And Daimler is offering to supply components:


Daimler to hold Tata stake, may offer Merc parts for Jaguar

May 3, 2008, 14:30 GMT Stuttgart - Daimler may provide Mercedes-Benz parts for future British Land-Rover and Jaguar cars built by Tata Motors, the chief executive of the German multinational was quoted saying Saturday.

Dieter Zetsche also said Daimler was content with the 7-per-cent stake it holds 'more or less as a dormant investor' in the Indian company run by Ratan Tata and did not seek more.

He said Daimler, as a premium-car company, was not aiming to become a volume manufacturer.

'We can get along fine with the present stake,' he told the magazine Auto Motor Sport. 'We have an outstanding relationship with Tata. That is why their group is in charge of painting the Mercedes models we assemble in India.'

Tata has acquired Land-Rover and Jaguar from Ford, which may cut off the British marques' access to Ford kits of parts.

'If Ratan Tata approaches us about supplying components, we would be open to talks,' said Zetsche.

Daimler to hold Tata stake, may offer Merc parts for Jaguar