It was announced yesterday that the $2.3 billion sale of Jaguar and Land Rover from the Ford Motor Company to India’s Tata Motors Ltd. has been approved by the U.S. Federal Trade Commission.
The commission concluded the sale did not break any anti-trust laws and therefore found no reason to block the historic sale, as per Automotive News.
As part of a massive restructuring move, Ford announced its intent to sell off the Jaguar and Land Rover luxury brands since last June.
In March, Tata said it would buy the brands, giving the Indian company a breadth of products ranging from the world’s cheapest car, the $2,500 Tata Nano to the $92,700 Jaguar XKR Convertible and $94,100 Range Rover Supercharged.
