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TURN THE PAG(E); Ford sells Jaguar and Land Rover for $2.3 billion.(News)
Byline: @@Text: As anticipated, Ford has agreed to sell British luxury brands Jaguar and Land Rover to Indian automaker Tata Motors. The price: $2.3 billion.
The deal calls for Ford to contribute about $600 million to the Jaguar and Land Rover pension plans, leaving Ford with a much-needed $1.7 billion cash infusion when the deal is finalized in June. A year ago, the Dearborn, Michigan-based automaker picked up $925 million on the sale of Aston Martin to a Kuwaiti investment company. Ford also continues to consider the sale of Swedish automaker Volvo.
Ford has spent an estimated $10 billion on the two brands since it bought Jaguar in 1989 for about $2.5 billion and Land Rover in 2000 for about $2.7 billion. The brands were part of Ford's now-dissolved Premier Automotive Group portfolio of luxury brands.
- GREG MIGLIORE
New lease on life
Tata Motors, the company from India that is the new owner of Jaguar and Land Rover, has guaranteed at least the next five years of existing product plans. That's a practical decision, if nothing else, because to cancel programs now would bring instant cost penalties.
Here is what AutoWeek expects from Jaguar and Land Rover in the next few years.
- NEW FACE(S) OF LAND ROVER, RANGE ROVER.(News)
- Magazine article from: AutoWeek November 27, 2006 700+ words
...the next generation of Land Rover and Range Rover models, due on sale in...wants to separate the Land Rover and Range Rover nameplates, giving each...up the "faces'' of Land Rover and Range Rover models, which have insufficient...
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- Press release article from: PR Newswire January 25, 2006 700+ words
...embrace the Range Rover," commented...Manager for Land Rover North America...since 1948. The Range Rover, Land Rover's flagship...Range Rover, Range Rover Sport, and...manufactured by Land Rover in Solihull...
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- Press release article from: PR Newswire January 24, 2007 700+ words
...loyal to the Range Rover," said Kevin...Manager for Land Rover North America...luxury. The Range Rover, Land Rover's flagship...Range Rover, Range Rover Sport, and...manufactured by Land Rover in Solihull...
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...almost every aspect of Land Rover's Range Rover model-including chassis...as "On the Road with Range Rover" stem from Land Rover North America's belief...SUPERIOR SALES PERSONNEL Land Rover's Range Rover is arguably the most...
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...apprehension.'' Land Rover replaced its...engines for the Range Rover with ones from...But all three Land Rover models - the Range Rover, Range Rover...CAPTION(S): Land Rover says its quality...suggest. A 2006 Range Rover Sport ...
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- Press release article from: PR Newswire September 29, 2005 700+ words
...is new to Land Rover. It is available...Supercharged Range Rover Sport models...The all-new Range Rover Sport is Land Rover's sports tourer...distributes Range Rover, LR3 and Freelander...manufactured by Land Rover in Solihull...
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- Magazine article from: Automundo Magazine Gabaldoni, Jaime September 1, 2006 700+ words
...jungla. All encontramos a los representantes de Land Rover junto a los vehculos que probaramos: Land Rover Range Rover, Land Rover Range Rover Sport, y Land Rover LR3. Pasamos la noche en un lugar llamado Five Sisters Lodge. Lo de hermanas...
- Land Rover: Range Rover Sport a speedy entry.
- Newspaper article from: Pittsburgh Post-Gazette (Pittsburgh, PA) June 22, 2005 700+ words
...pretty big waves this year. Land Rover's Range Rover Sport, with a top speed...the Freelander, LR3 and Range Rover. None of the Land Rover products could be construed as slow, but Range Rover Sport really takes off...
- Land Rover Range Rover Sport Tops October LeaseTrader.Com Index.
- Press release article from: PR Newswire November 7, 2007 700+ words
...Index for October, with the Land Rover Range Rover Sport topping the list of...20070605/CLTU058LOGO ) The Land Rover Range Rover Sport is built on a similar...powerful handling, the Land Rover Range Rover Sport became October's...
- Land Rover rolls out global digital repositioning for new Range Rover.(Land...
- Magazine article from: New Media Age November 15, 2007 700+ words
Land Rover has rolled...campaign for Range Rover to reposition...Steve Bowler, Land Rover UK marketing...marketing. "The Range Rover is primarily...the brand and Land Rover. This is the...campaign for Range Rover and there will...
Source: HighBeam Research, TURN THE PAG(E); Ford sells Jaguar and Land Rover for $2.3...