The not so British marques of Land Rover and Jaguar
Nov 8th, 2008 | By Gary Terrazas | Category: VehiclesBoth Land Rover and Jaguar were sold in March 2008, to Tata the Indian car giant for $2.3 billion; Ford invested a total of about $10 Billion into the two companies. It has also been reported that Ford are going to have to find another $600 million to make up a shortfall in the companies pension funds. It seems like a massive loss until you consider that Daimler Benz invested $36 Billion into Chrysler and sold 80.1% nine years later for $7.4 Billion. Tata have recently been on a spending spree and it is clearly good timing for them to make this acquisition whilst the US Dollar is so weak.