Tata to get all of Jaguar, Land Rover:

Ford Motor has no plans to keep a stake in its Jaguar and Land Rover luxury brands, an industry source told Automotive News Europe.

Ford earlier this month picked Tata Motors as the front-runner to the purchase of the two brands. It had been thought that Ford would wish to keep a stake in Jaguar-Land Rover to protect its supply contracts for components such as engines.

“There is no need for it,� the source said. “Ford really wants to concentrate on its North American operations, that is the whole reason why it is selling Jaguar and Land Rover.�

Retaining a stake, however small, would only divert management time from the North American turnaround plan, the source said.

Last Update on : January 31, 2008   

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