Fords Sell Jaguar, Land Rover to Tata Motors Ltd.

After spending billions of dollars on Jaguar and Land Rover, Ford Motor Co. gave up on the storied British automakers and unloaded them to India's Tata Motors Ltd. for a mere third of the original purchase price.

The deal is another sign of the growing economic muscle of India and something of an economic role reversal.

Tata is India's oldest and largest conglomerate, with holdings in steel, information technology and autos. It will save Jaguar and Land Rover and develop new products to better compete with luxury automakers.

This shows indians economy is booming and capturing international well recognised brands


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