Ford Officially Announces Jaguar & Land Rover Sale to Tata Motors for $2.3 Billion

Ford Motor Company issued an official statement today announcing that the sale of its Jaguar and Land Rover marques to India’s Tata Motors for approximately US $2.3 billion. According to Ford, the sale is expected to close by the end of the next quarter. Upon closing, Ford will contribute up to approximately US $600 million to the Jaguar and Land Rover pension plans As part of the deal with Tata