A day ahead of the planned official announcement of Tata’s purchase of Land Rover and Jaguar from Ford, come details of the deal from an Indian TV news channel. NDTV Profit reported on Tuesday the purchase was made for $2.65 billion, but won’t reveal its sources. Tata spokespeople will not comment on the reports beyond saying discussions were still in progress.
Another TV report, on CNBC TV-18, maintained the deal is to be concluded on Wednesday with the details released thereafter, after both companies signed the agreement. Also, according to the Financial Times, the deal will be announced on Wednesday but the report went further by estimating that about $2 billion will trade hands.
The deal would also see Ford responsible for part of its workforce pensions at the two luxury brands, while Tata will continue to buy engines from Ford. The announcement would meet Ford’s goal of reconciling the deal in its books in the first quarter of the year.
03/25, 3:32 PM
posted by:
DeansterTJ
My depenz has leaked early but do you catch me making a big song and dance about it?
03/25, 3:50 PM
posted by:
corvette
congrats ford is now that much less importante.
03/25, 3:57 PM
posted by:
johnnycanuck
Incontinence is nothing to laugh at. This, however, is.
03/25, 4:11 PM
posted by:
RicardoHead
This can only be good for Land Rover and Jaguar, it wank also relieves Ford of some commitments but $3billion doesn’t do much for Ford’s coffers.
03/25, 4:46 PM
posted by:
RicardoHead
HEADS UP THEY HAVE BEEN SOLD FOR $2 Billion AS WE SPEAK
03/25, 7:07 PM
posted by:
DeansterTJ
Well well, sounds like some douchebag decided to swipe my handle. Well done goochster, have fun impersonating me. Soon a holocaust of insanity will ensue and it’ll be March 17th all over again
03/25, 10:03 PM
posted by:
deutschetouring1337
Theres really no need for anymore info on this, mainstream media has picked it up and will continue to do so.
03/26, 3:04 PM
posted by:
SS4LIFE
ATTENTION EVERYONE. As of todau 3/26/08 I will no longer be posting comments on here due to the lack of maturity, and problems of whoever is using our LLN handles and trying to impersonate me and anyone else, and therefore causing problems.
If any comments after this post are said by my handle, they will have a hyperlink to a gay porn site (Do not click on it) and are deemed offensive to anyone just know it wasn’t said by the real me. After using LLN over the past 7 months, it’s sad it’s come to this. Good luck everyone.
03/26, 8:48 PM
posted by:
deutschetouring1337
Who cars Johnny from 5th gear tried checking out the Nano and got told off lol!
03/26, 10:31 PM
posted by:
Blakkarr
test.
03/27, 7:28 PM
posted by:
bigp
they should improve the cars an trucks