Thursday 19th July 2007

Jaguar goes Indian?

Tata shows interest in Jaguar

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Could this be part of Tata Motors?

Indian car maker Tata is the latest company rumoured to be considering a bid for Jaguar.

The firm is said to have signed a confidentiality agreement with Ford, and is looking into Jaguar's accounts.

Tata Motors is India’s largest car maker with over 4m cars on Indian roads. The firm is part of Ratan Tata’s empire and began producing cars in 1954. It’s best known in the UK for providing the ill-starred CityRover during the final years of the MG Rover group.

Tata is certainly not short of the cash – Tata Steel bought the British steel firm Corus earlier this year for £7bn.

Ford has said that tomorrow (19 July) is the deadline for offers for both Jaguar and Land Rover.

[AndySA]

Please Ford DO NOT let this happen! The Tata market segment and Jag market segment are so far removed from each other, they will never understand the nuances of the Jaguar Brand and destroy it trying to find out.