Go Force India

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As had been announced in March, Jaguar & Land Rover operations have been sold over to Tata Motors by Ford Motor Co officially on June 2nd. Ford said in March that it intended to sell Jaguar and Land Rover to Tata for $2.3 billion. (That’s far less than what Ford paid for the brands. Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.75 billion in 2000.) Tata Motors which had been looking for a way to broaden its global automotive presence had leaped up on the offer. Now, all the red tape pertaining to the sale has been completed and Jaguar & Land Rover brands are finally owned by Tata Motors. The automaker is controlled by Tata Group, a privately held Indian industrial conglomerate with 98 operating companies in industries such as heavy trucks, energy, chemicals, communications and engineering. It remains to be seen in the near and not so distant future what Tata does with the brands and how it turns out, for now, nothing major has been announced.

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