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Old 01-30-2008, 10:43 PM   #1 (permalink)
FamilyJ
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Join Date: Jan 2007
Member Number: 8764
Location: Montana (formerly from Texas)
Posts: 840
India-Owned Jag and Land Rover

From the people that just brought you the world's least expensive automobile:

MUMBAI (Reuters) - India's Tata Motors Ltd is preparing for "an outright purchase" of Ford Motor Co's Jaguar and Land Rover luxury brands, against an earlier plan for a majority stake, the Economic Times said on Wednesday.

"Ford has decided not to retain a minority stake, as it is convinced about the future development of these two brands in the hands of the Tatas,," the newspaper said, citing sources close to the development.
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