Tatas clinch Jaguar, Land Rover deal

By IANS

Mumbai : Tata Motors clinched the deal Wednesday with Ford to acquire its two most luxurious British brands – Jaguar and Land Rover, for over $2 billion, informed sources said.

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The details of the deal, which has been under negotiations for nearly eight months, are likely to be announced later in the afternoon.

A spokesman for Tata Motors here told IANS: “We shall make an announcement at an appropriate time.”