Tag Archives: ford motor

Tata buys Jaguar and Land Rover for $2.3bn

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Indian TATA motors secured Jaguar and Land Rover by buying British luxury icons from Ford Motor Company for $2.3 billion, less than half what it paid in 1989 and 2000 respectively.

Ford acquired Jaguar in 1989 for $2.5 billion and Land Rover in 2000 for $2.73 billion as part of a European-luxury strategy it began by buying Aston Martin in 1987. It sold Aston last year, according to bloomberg.