Tata confirms interest in Jaguar, Land Rover
Filed under: Etc., Euro, Ford, Jaguar, Land Rover
We’d picked up rumblings a while back that India’s Tata Motors was interested in placing a bid with Ford for its Jaguar and Land Rover properties. Tata’s even gone so far as to set its advisors loose on the potential deal to investigate how solid the investment would be. The automaker wants to strengthen itself through expansion into other markets, rather than being tied solely to the whims of the Indian economy. Jaguar and Land Rover are worldwide prestige brands that would give Tata instant entry to many more markets with a built-in customer base. Ratan Tata confirmed his company’s desire to bid for the PAG albatross brands during an interview with an Indian news channel. Further exposition by Mr. Tata on the subject was not forthcoming, but the full interview will air Sunday and Monday, and may clear up some more questions. After the jump, we imagine what a letter of intent from Tata to Ford might look like.
[Source: Forbes]
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