Tata Motors will announce its purchase of Jaguar and Land Rover on March 5 or 6. The dates have been agreed between Tata and Ford Motor Co., which is selling the two luxury brands, following talks with union leaders last week. Roger Maddison, national officer of Unite, the largest union in the UK auto industry, told Automotive News Europe that Tata had agreed to meet guarantees sought by union leaders. He said, “Everything seems fine as far as we are concerned; it’s just the lawyers working on it now.” Union leaders spoke with Ford and Tata to resolve final details before the drawing up of a memorandum of understanding for the sale.
It’s been twenty years since Aston Martin, deeply in debt and little more than an automotive anachronism, was swallowed up by Ford empire. Say what you will about Ford’s other British luxury marques, the past two decades have been good ones for Aston. When Ford acquired the brand, in 1987, Aston sales plunged to as little as 42 cars a year and at one point, keeping the assembly line rolling depended on the sale of a single car to a wealthy — and quite drunk — British aristocrat. These days, Aston’s aspirations are positively mass-market, with an array of new products promising to push volume up near 10,000 cars a year, and the company well in the black for the first time in its 93-year history. That’ll be good news for the new owners, David Richards, CEO of racing’s Prodrive […]
I was searching the web tonight and ended up on YouTube. Amazingly I found footage from the Earls Court motor show in 1962. Take a look at this and you will see some really amazing vintage metal. From the MG 1100 to the Ford Zephyr. Watching this is like a time machine. If only you could go back and grab a few of these to store away. But isn’t that always the dream? So tell me, which one of these would you drive off with? And most importantly, why?
Ford Motor has no plans to keep a stake in its Jaguar and Land Rover luxury brands, an industry source told Automotive News Europe. Ford earlier this month picked Tata Motors as the front-runner to the purchase of the two brands. It had been thought that Ford would wish to keep a stake in Jaguar-Land Rover to protect its supply contracts for components such as engines. “There is no need for it,” the source said. “Ford really wants to concentrate on its North American operations, that is the whole reason why it is selling Jaguar and Land Rover.” Retaining a stake, however small, would only divert management time from the North American turnaround plan, the source said. By John Revill, Automotive News, Europe
According to a media report, the British luxury car maker Jaguar has shown its new models and the planned product cycle to its probable new parent company, Tata Motors. Tata Motors was named earlier this month as the preferred bidder by the US car giant Ford for the sale of its two British luxury brands, Jaguar and Land Rover, after evaluating interests by two other suitors — India’s Mahindra and Mahindra and private equity firm OneEquity. “We have shown Tata our new model lines and the planned product cycle,” Ian Callum, director (design), Ford Motor Company, who is responsible for the Jaguar’s new XF and XK model ranges, told Financial Times. The Tata group company is currently holding advanced-level talks for buying Jaguar and Land Rover from Ford and a final decision is expected to be announced by the end […]