Tata is a good fit for Jaguar, Land Rover

Automotive

Tata Motors Ltd will pay Ford Motor Co quite a bit less for Jaguar and Land Rover, than a media report of $2.65 billon, a source close to the deal said on Tuesday.

“That figure of $2.65 billion is highly unlikely,” the source said. “You have to come south from that by quite a bit.” Earlier, media reports suggested, that Tata Motors had signed a deal to buy the Jaguar and Land Rover brands for $2.65 billion. For Ford, the cash can clearly help it pay for its ongoing turnaround efforts. It also never seemed to make sense, at least for its North American audience, to be pushing vehicles so strongly tied to a British heritage. Tata , on the other hand, is rooted in the largest member state of the British Commonwealth, where the brands perhaps carry greater resonance. (Economic Times, Marketwatch)

ADVERTISEMENT

Czech economic confidence weakens in September Analysis

Czech economic confidence weakens in September

Parl't extends pandemic legal provisions Parliament

Parl't extends pandemic legal provisions

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.