In what seems like an official bookend to the sale of Jaguar
and Land Rover
, 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]