Ford sells Jaguar and Land Rover
Ford has reportedly sold British marques Jaguar and Land Rover. The deal was done a few days ago but won’t be announced until February. The likely buyer is Tata, the giant automotive company in India. Tata wants to become a major global name and is looking for a European vehicle development centre. Ford earlier sold the other famous British nameplate, Aston Martin, to British-Kuwait interests. Another thing: Ford now apparently wants to hang on to Volvo.
