[jag-news-discussion] Its official now

Disused Categories Jag-News-Discussion
1

The sale is official now.
Here are the details:

''Ford to sell Jaguar Land Rover to India’s Tata for $2.3 billion
Marketwatch - March 26, 2008 8:55 AM ET

Related Quotes
Symbol Last Chg
F Trade 6.00 0.00
TTM Trade 17.36 0.00
Real time quote.

TEL AVIV (MarketWatch) --Ford Motor Co. agreed to sell its Jaguar
Land Rover operations to India’s Tata Motors for $2.3 billion and
will contribute as much as $600 million to the unit’s pension plan.

The Dearborn, Mich., auto maker (F) had said in August that it
would assess what to do with the brands as part of a focus on Ford
as its core global brand. And in January it had named Tata – a
member of India’s Tata Group conglomerate – the preferred bidder
for the operations.

In a statement on Wednesday, Ford said it will continue to supply
Jaguar Land Rover for differing periods with powertrains, stampings
and other vehicle parts, in addition to a variety of environmental
and platform technologies.

Ford also committed to provide engineering support, including
research and development, plus information technology, accounting
and other services.

And Ford Motor Credit will provide financing for Jaguar and Land
Rover dealers and customers during a transition of as long as a
year, depending on the market.

The two sides said that when the deal closes, they don’t
expect ‘‘any significant changes to Jaguar Land Rover employees’
terms of employment.’’

Ford’s statement said that it has kept Jaguar Land Rover’s workers
and unions, as well as the U.K. government, apprised of the sale
process. They have ‘‘indicated their support for the agreement,’’
Ford said.

Subject to conditions including regulatory clearances, Ford and
Tata (TTM) expect to close the deal in the first half.

Ford shares were up 2.3% in premarket trading, while Tata shares
slipped 2.7%.’’

I hope the Ford stock rallies on the news.–
Derry, NH '90 XJS- mulone.com/hwm/XJS_Jaguar/jaguar.xjs.htm
Derry, NH, United States
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–

2

In reply to a message from FrankM sent Wed 26 Mar 2008:

Finally! Even though I don’t see exactly how Jaguar and Land Rover
will assimilate into Tata, I think it can’t get worse. Ford has
too many problems to deal with right now in their core areas to be
able to put any money or time towards Jaguar. Plus, their track
record with Jaguar leaves much to be desired.

I’m interested to see what Tata does with the brand now. It seems
like they have a good thing going with their current lineup, so I’m
optimistic they can apply that to the Jaguar brand as well.–
Brett 89 XJ40
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–
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3

In reply to a message from wylde8 sent Wed 26 Mar 2008:

Yowza Brett,
Ford did wonders for Jaguar. The British Leyland Corp. debacle
still a persistent reminder via our XJ12c which takes up precious
space in the workshop.
Ford didn’t push, they pulled Jaguar’s workforce screaming into
this century with robotics and machinery the union fought all the
way. The UK unions have nothing on the US when it comes to non-
cooperation.
Ford did some dumb things like the colors for a few model years
were not befitting of the line-up, I believe they were no different
that Ford’s offerings.
Bottom line quality improved and the XJS became a far better car
because of Ford. Odd because when it was introduced as the
successor to the E-Type(no flames, Jaguars press releases from that
era are available), I though the car was not long for the line-up
and look what happened. Jaguar would’ve welcomed that type of
success/sales on anything they have released lately.
Yes, they could always have done more and it would’ve helped had
Jaguar Marketing not shot themselves in the foot quite so often,
but if Ford had managed that more securely the cries from the
critics would have been even louder.
Jaguar positioned the X-Type against the Audi when it should have
been positioned against the Subaru AWD line-up, and a CD player
should have been standard, not a $105.00 upgrade from a cassette
unit.
This comes from someone who has not been enamored of much that
Coventry has offered. That being said, I’d love to get my hands on
an X-Type wagon and throw a tow hitch on one for my pop-up for
trips to Lime Rock.
Give Tata a chance. I’ve heard they really wanted Land Rover but
not sure what they plan to do with Jaguar, time will tell.
One thing for sure, Tata is in better financial shape to do
something with Jaguar than just about anyone else is currently.
The only thing I wonder is whether or not Jaguar will remain in
England. Workforce is considerably cheaper and more willing to
change than the staid UK unions are, I speak from personal
experience in this area. Haven’t seen the numbers crunched on
making India the new shipping origination point may not be
worthwhile to move but I’ll guartee you’ll see even more new
technology IF Tata stays in the UK. Jaguar’s overall technology
averages to about the mid to late 90’s, so there is room for
improvement.
I implore you to stop using terms as Jaguar ‘‘Brand’’. It only
encourages those left to continue on that horrible path that gave
us car ads with no pictures of cars. That whole campaign was money
wasted, very quickly and…we lost the V12 in favor of the V8.

Good Health To You and Yours, Bob Lovell–
The original message included these comments:

Finally! Even though I don’t see exactly how Jaguar and Land Rover
will assimilate into Tata, I think it can’t get worse. Ford has

–
Lovell
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–
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4

In reply to a message from Lovell sent Sat 26 Apr 2008:

Well, as I seriously consider adding another old Jag to my
stable… I have to ask myself:

‘‘Do I want to have a nice pair of tatas?’’–
Travst
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