Tata acquisition of Jaguar, Land Rover imminent

Tata Motors and Ford have agreed on a purchase date for Jaguar and Land Rover, the two brands that until now were a part of Ford's PAG: Premier Automotive Group.

Tata will make the official announcement on March 5 or 6, says Automotive News.

The transaction is said to be valued at $1.5 to 2 billion dollars. Both brands will continue to be built in England at least for the time being.

This follows talks between Tata and trade union leaders last week to finalize details. Major union spokespersons have said that all is well with India's largest automaker, who is making a big move on the global front with this acquisition.

Tags: auto industry, Ford, Tata, Tata Motors, Land Rover, Jaguar

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