Ford says Tata to Jaguar, Land Rover
Mar. 26 - U.S. carmaker sells its Jaguar and Land Rover brands to India's Tata Motors in a $2.3 billion deal.
For Tata, the company which is launching the ultra-cheap Nano or "People's Car", the transaction will add high-end luxury to its portfolio.
Ford, for its part, gets to shed the money-losing Jaguar brand and gains a cash infusion at a time when the U.S. market is slumping.
Reuters correspondent Siddhartha Dubey reports.
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