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IL Insider: Jaguar Appears To Be Ugly Stepsister in Impending Tata Deal
NEW DELHI, India — Ratan Tata has long lusted after Land Rover, a marque he considers the "ride of the Rajas." But when the deal is finally inked between Ford and Tata Motors to exchange the luxury Jaguar and Land Rover car brands, look for Jaguar to be quickly spun off, Indian sources tell Inside Line.
Earlier this month, India's top vehicle maker, Tata Motors, said it hoped to clinch the deal to buy the premium brands from ailing Ford "in the forthcoming weeks." Ford named Tata Motors as the preferred buyer for the Jaguar and Land Rover marques early in January.
One source, who wished to remain unnamed because of his role in the negotiations, told Inside Line that Ratan Tata recently purchased a 450-acre parcel of land in Gurgaon, outside New Delhi, with the intention of building a factory to produce Land Rovers. "But Jaguar will be spun off almost immediately," said the source, who is familiar with Tata's plans.
That may come as news to Britain's labor unions, which last fall announced their support for Tata's bid — presumably in an effort to preserve as many jobs as possible in the U.K. after the deal is done.
What this means to you: It appears that Ratan Tata only has eyes for Land Rover. — Anita Lienert, Correspondent
Earlier this month, India's top vehicle maker, Tata Motors, said it hoped to clinch the deal to buy the premium brands from ailing Ford "in the forthcoming weeks." Ford named Tata Motors as the preferred buyer for the Jaguar and Land Rover marques early in January.
One source, who wished to remain unnamed because of his role in the negotiations, told Inside Line that Ratan Tata recently purchased a 450-acre parcel of land in Gurgaon, outside New Delhi, with the intention of building a factory to produce Land Rovers. "But Jaguar will be spun off almost immediately," said the source, who is familiar with Tata's plans.
That may come as news to Britain's labor unions, which last fall announced their support for Tata's bid — presumably in an effort to preserve as many jobs as possible in the U.K. after the deal is done.
What this means to you: It appears that Ratan Tata only has eyes for Land Rover. — Anita Lienert, Correspondent
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