Jaguar and Land Rover SOLD AGAIN

Remember the car company that is coming out with a $2500 car? Yes, the nano car from the company Tata. Well, Tata Motors will announce their purchase of Jaguar Land Rover March 5th or March 6th. This news comes about as car companies feel the crunch of the slowing economy and Ford setting their dates for the sale. Jaguar and Land Rover being owned and operated by Ford with several counterparts from other manufactures remains to be sold off to Tata Motors.

Quote from autonews.com:

Tata Motors will announce its purchase of Jaguar Land Rover on March 5 or 6.
The dates have been agreed between Tata and Ford, which is selling the two luxury brands, following talks with trade union leaders last week.
Roger Maddison, national officer of Unite, the largest union in the UK auto industry, told Automotive News Europe Tata had agreed to meet guarantees sought by workers’ leaders.
He said, ” Everything seems fine as far as we are concerned; it’s just the lawyers working on it now.”
Union leaders spoke with Ford and Tata to resolve final details before the drawing up of a memorandum of understanding for the sale.
In earlier talks with the two companies, unions had been seeking assurances that Tata would continue to source engines, stampings and other systems from Ford’s plants in Bridgend in Wales and Dagenham, near London.
All Jaguar and Land Rover engines come from Ford plants, as do many of Land Rover’s stampings.