• Apr 25th 2008 at 3:32PM
  • 7

In what seems like an official bookend to the sale of Jaguar and Land Rover from Ford to Tata, the European Union, like the U.S. Federal Trade Commission, has given its official seal of approval to the deal. The E.U. had received no complaints regarding the impending purchase, so approval of the $2.3 billion deal had been expected. In fact, the "simplified procedure" used by the European Commission has never ended up with anything but acceptance. No more speed bumps appear ahead of the Indian automaker, which previously had specialized in small and inexpensive vehicles. Now that these formalities are over and done with, hopefully we can simply look forward to what an injection of cash can do to the two classic British marques.

[Source: Automotive News - sub. req'd]

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    • 1 Second Ago
      • 7 Years Ago
      Don't know if anyone saw this, but there's a car show on ONLOQ.com that's showing the new Jaguar XF


      • 7 Years Ago
      I wonder if this goes well, maybe Ford will sell Volvo to Tata as well. That would be cool.
      • 7 Years Ago
      Volvo is next.

      Then, Mullaly kills Mercury.
        • 7 Years Ago
        I hope Volvo is next on the sales block, but i dont think that it will be a complete sale but rather a sale of majority shares. Volvo forum at swedespeed is actively talking about a new rumor sale of Volvo but they are still considering BMW. BMW wont be the new owners of Volvo for sure, its gonna more than likely be that private investment company in Sweden, Investor AB.
      • 7 Years Ago
      Maybe Tata will do something better with Jag.We can only hope.
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