Tuesday, February 05, 2008

Jaguar, Land Rover deal to cost Tata Motors $2 bn

The final cost of the Jaguar-Land Rover deal may go above the $ 2-billion mark. According to sources in the auto industry, Tata Motors may end up forking out between $2-2.5 billion for the two British brands depending upon the kind of engine supply and sourcing arrangements it can get Ford to commit to. The final bid amount could also include JLR debt. Sources say the deal will be concluded in the next 10-15 days.

When contacted Ford spokesman John Gardiner said: “We cannot say anything more than that the discussions are ongoing and good progress is being made.” On Monday, Tata Motors released a statement saying it hopes the two “parties can reach an agreement in the forthcoming weeks”. Read More>>

1 comments:

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