Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ford Sells Jaguar & Land Rover To Tata

DETROIT (CN) - Ford Motor Co. is selling its Jaguar and Land Rover divisions to Tata Motors of India for $1.7 billion - less than one-third the price Ford paid for the brands, the company announced today. Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000. Tata said it will pay $2.3 billion to Ford, which will put $600 million into the two divisions' pension funds.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...