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Car industry is fucked up - Tata Motors buys Jaguar and LandRover

Quote:

Two of Britain's most prestigious motorcar brands Jaguar and Land Rover have been sold to Indian conglomerate Tata Group.

American Ford Motors, who owned the two brands, announced today that it had completed the sale of both Jaguar and Land Rover.

The purchase price for both Jaguar and Land Rover was said to be about $1.7 Billion ($1.85 Billion Australian), roughly a third of the price of what Ford originally paid for the two luxury brands.

Ford had struggled to make profit from both Jaguar and Land Rover, leaving the company cash strapped and unable to invest further in their development.

The Tata Group is now likely to pump significant investment into the new British luxury brands in a bid to further compete with other manufacturers including BMW and Mercedes.

Tata earlier this year launched the world's cheapest car, the Nano, with the Jaguar and Land Rover brands filling a luxury line badly needed by the Indian group.

All 16,000 workers at the British based company have been guaranteed their jobs, however concern remains for how long the group will keep it's operations in Britain.

Ford says it will now look to focus on it's own development around the world.

http://www.telegraph.co.uk/motoring/.../12/mftat2.jpg

http://cache.jalopnik.com/assets/res..._jag_stype.jpg

so what. laborgini has been owned by some mega rich Indonesian guys.

Saw this on CNBC, Indians got a deal.

BTW, I owned a jag that was build by ford and it was piece of SHIT !!!

Why people can't figure out that this is GREAT news for both Jaguar and LandRover fans is beyond me

meh, landrovers are shitboxes anyways, and jaguar isn't nearly enough car for the money. I was checking out a landrover and the interior was so cheaply made with a bunch of crappy plastic everywhere.

Quote:

Originally Posted by polish_aristocrat (Post 13982710)

http://www.telegraph.co.uk/motoring/.../12/mftat2.jpg

http://cache.jalopnik.com/assets/res..._jag_stype.jpg

Car industry was fucked up the moment ford bought Jaguar. I dont see Tata fucking up the brand names, but at the same time I guess with the added distribution lines into europe and north America we can see an increase in budget cars in those markets in the coming years.

Quote:

Originally Posted by Blazed (Post 13982735)

Tata for now..

:1orglaugh:1orglaugh:winkwink:

Quote:

Originally Posted by CIVMatt (Post 13982767)

Why people can't figure out that this is GREAT news for both Jaguar and LandRover fans is beyond me

because it's an Indian company, if it was a US or European company people would be excited but since its an Indian company they obviously dont know how to run a business...even thought Tata has only been around for a decade or so and already have enough cash to buy a major brand for $2 billion...

timeline:

http://www.gofuckyourself.com/showthread.php?t=817611

( and this one has a great pic ... :1orglaugh:1orglaugh:1orglaugh )

Wonder how much elephantpower these new jags will have.

Tata is going to give both those brands a total makeover in the next 5-7 years

I love Jaguar, i have a S-Type, and i don't care if the company is Indian-owned or not!