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REPORT: Tata Motors confirmed to buy Jaguar/Land Rover
Britain's Birmingham Post newspaper has gone out on a limb and reported that Tata Motors will be named the winning bid for Jaguar and Land Rover as soon as tomorrow – Friday, December 21st. Neither the seller, Ford, nor the buyer, Tata, have confirmed that an announcement will be made tomorrow, and in fact Ford has repeatedly said that a buyer will not be named until early next year. The British paper reiterates the same estimate we've heard before, that Tata will be doling out around £1 billion, or $2 billion USD, for the right to own these two storied brands. Of course, we'll let you know tomorrow if the announcement does actually happen.[Source: Automotive News, sub. req'd]
Reader Comments (Page 1 of 2)
Mark 3:59PM (12/20/2007)
Wow, thats all it takes? I would have thought it would have been more $.
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EJ25RUN 3:59PM (12/20/2007)
Damn it
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Dolemite 10:13PM (12/20/2007)
Yes, because God forbid a non-American, non-European, non-Japanese company make cars.
If your xenophibic views prevent you from owning cars made by either Indian or Chinese companies, or cars assambled by Mexicans (the three favourite targets of racism here on Autoblog), then simply don't buy them. They certainly are not going to force you to buy their cars, so I don't understand what the lamenting is all about.
EJ25RUN 12:23PM (12/21/2007)
mr dolemit..... lets begin.
#1. I dont know why you got in to the whole racist whatever rant...but
here is the real scoop.
i am not racist at all! i am an auto entusiast that feels nothing is sacred. i never even liked the fact that Ford owned jag and rover!
its like when tvr left blackpool to be made in italy. i feel the heart of the auto industry is dying to a war against the $.
if it werent for big business i woulnd feel this way. Again cars mean more to me than a piece of metal so seeing jag and rover move again is why. Its the same reason i liked the idea of B.L. in the 70's, of coarse bl was a major failur but its the idea i liked. There, never take what i say in racist terms. Its all about the attempt at keeping the automobile a gloriuos piece of machinery instead of the displosable form of transport it has just become.
why not the LS2/LS7? 4:02PM (12/20/2007)
The "confirmed" seems to conflict with the "sources say" part.
Is it confirmed or just reports right now?
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mike 4:03PM (12/20/2007)
Now the question is dies this change your oppinion about Jaguar.
Ford is an American company that kills everything it gets its hands on, Tata on the other hand is Indian(no auto history) but it is a veru successful company.
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Dave 4:37PM (12/20/2007)
Ford doesnt kill everything it gets its hands on.
The fact that Ford acquired Volvo, Jag, LR, and Mazda is a direct result of their already being at death's door.
They could have gone the way of Austin and MG.
DesiAuto 4:08PM (12/20/2007)
I love it when Indian cos buy British icons. (i.e. Scotch Whiskey was the first one)
I will wait for official news to come out before celebrating!
TATA is one of the world class giant, I put it in line with GE, Toyota, P&G etc.
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DesiAuto 4:12PM (12/20/2007)
I hope Indian businesses one day conquer all UK businesses ... you know Mahatma Gandhi, he believed in non-violent ways ...
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oliver 4:21PM (12/20/2007)
hahaha...curry chicken hahaha. I don't know what "Indian" does for brand cachet. I am a land rover owner (insert joke here), and this bothers me a bit...
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Xcountryflyer 4:25PM (12/20/2007)
TATA - just one of those names that really don't work in English. www.urbandictionary.com
If you own two TATA vehicles--"I just love your TATAs."
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Guenther 4:40PM (12/20/2007)
Dammit!!!!! beaten to the punch once again.
...we now return you to an otherwise sensible blog.
Doogie Fullhouser 4:59PM (12/20/2007)
... Tata's...huh... aw, f-it...
Pat 9:24PM (12/20/2007)
In Québec-French it means an idiot !
godda9u 4:30PM (12/20/2007)
it's all fine and dandy as long as all tata built cars will not get the yield to cows sensor
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oliver 4:33PM (12/20/2007)
hahaha.
Dave 4:35PM (12/20/2007)
Actually, you really don't want to hit a cow, especially with your shiny new Jag.
racer01 4:38PM (12/20/2007)
I've bought and sold Tata stock for a couple years now - its a huge company with a strong foundation. Should be a great brand for them. http://www.tatamotors.com
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Bryan 4:40PM (12/20/2007)
Can I still get leather is the real question.
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godda9u 4:45PM (12/20/2007)
i reckon we will get suhali as option :)