Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Dance like nobody's watching!

Read more

DEBATE

Burundi's Brutal Standoff: One month on tension spirals (part 2)

Read more

DEBATE

Burundi's Brutal Standoff: One month on tension spirals (part 1)

Read more

THE INTERVIEW

Masoud Barzani: 'We are prepared to recover Mosul very quickly'

Read more

FOCUS

Lebanon marks one year without a president

Read more

REPORTERS

A year after coup, Thai opposition resists junta rule

Read more

REPORTERS

Are there lessons to be learned from Chirac’s foreign policy?

Read more

THE INTERVIEW

Novak Djokovic: 'I have grown'

Read more

EYE ON AFRICA

At least three dead in grenade attack in Bujumbura

Read more

Ford agrees to sell Jaguar and Land Rover to Tata

Latest update : 2008-03-27

Ford has agreed to sell British carmakers Jaguar and Land Rover to India's Tata Motors. With the purchase, Tata will be in the unusual position of making two prestigious brands along with its low-cost cars.

LONDON — The US group Ford Motor has agreed to sell British luxury carmakers Jaguar and Land Rover to India's Tata Motors, the joint leader of Britain's biggest union, Unite, said Wednesday.

Tony Woodley, the joint general secretary of Unite, said he was "pleased" that Tata was buying the brands and safeguarding jobs in Britain but added that it was "a big disappointment" that Ford was not keeping a stake.

"We would have much preferred Ford to keep the companies in the family, so to speak, especially with Land Rover being so profitable," Woodley said in a brief statement.

"But with the commitments Tata have given to the future of Jaguar-Land Rover and the long-term supply agreements for components, especially engines from Bridgend and Dagenham [Ford sites in Britain], we're obviously pleased they are in the game," he added.

Date created : 2008-03-26

COMMENT(S)