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04-25-2008, 10:55 AM
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6.0 Liter Vortec V8
Join Date: Mar 2003
Location: Eckington, Washington, DC
Drives: 2007 Nissan XTerra Offroad
Posts: 1,571
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Tata Motors Wins EU Antitrust Backing to Buy Jaguar, Land Rover
Tata Motors Wins EU Antitrust Backing to Buy Jaguar, Land Rover
April 25 (Bloomberg) -- Tata Motors Ltd., India's largest truckmaker, secured European Union antitrust approval to buy Jaguar and Land Rover from Ford Motor Co. for $2.3 billion. The European Commission, the 27-nation European Union's antitrust regulator in Brussels, announced the approval in a statement today. Ford, the world's third-largest automaker, on March 26 agreed to sell the two units to Tata as demand for luxury vehicles is dropping. Ford is ending its investment in U.K.-based brands as the U.S. housing slump and job losses curb sales of models such as the $80,000 Jaguar XK. Ford bought Jaguar in 1989 for $2.5 billion and Land Rover in 2000 for $2.75 billion. http://www.bloomberg.com/apps/news?p...d=aded4Xl44mYQ
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You call yourself the Moral Majority We call ourselves the people in the real world You say, 'God loves you. Come and buy the Good News' Then you buy the president and swimming pools If Jesus don't save 'til we're lining your pockets God must be dead if you're alive Circus-tent con-men and Southern belle bunnies Milk your emotions then they steal your money It's the new dark ages with the fascists toting bibles Cheap nostalgia for the Salem Witch Trials Dead Kennedys |
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