China just gave the folks at Tata
the best news they've probably had all year: an order for 13,000 Jaguars
and Land Rovers
. Sources say the breakdown is 10,000 Land Rovers and 3,000 Jaguars to be delivered over the next three years. The value of the deal for Tata: £600 million. That's almost a quarter of the price Tata paid to buy the two brands from Ford
last year and represents nearly 5% of JLR's tally of 251,650 global sales in 2008. It hasn't been revealed who all the cars are for, but the sale was concluded with a Chinese trade delegation visiting the UK. It's a little late, but we're sure Tata is wishing everyone a happy Chinese New Year.
[Source: Business Standard