Ford Motor will conclude a protracted sale process on Wednesday with the announcement of the sale of Jaguar and Land Rover to India’s Tata Motors. The $2bn sale will include a pledge by Ford to contribute to the two brands’ pension fund, and by Tata to continue buying engines from Ford – both sensitive points with trade unions. With all key details of the deal agreed last week, the announcement has been waiting on the return to work of Jaguar’s employees, who are still on Easter leave Tuesday.

This entry was posted by Gwen Robinson on Tuesday, March 25th, 2008 at 5:42 and is filed under Capital markets, M&A. Tagged with ford, Tata Motors. Edit this entry.