India’s Tata Confirms Interest In Acquiring Jaguar & Land Rover From Ford

Just a few days before Jaguar launches the XF, probably the most important model in the past decade or so for the British carmaker, and India’s Tata Group chairman confirmed his company’s interest in buying Ford’s Jaguar and Land Rover brands. "We certainly have an interest in that," Chairman Ratan Tata told in an interview he gave to the CNN-IBN TV channel. -Continued after the jump

Ford has been looking to get rid of the Jaguar and Land Rover firms after selling Aston Martin previously this year as part of the Group’s major corporate restructuring plan - Ford lost $12.6 billion in 2006 if you’re still wondering why. Tata Group on the other hand, is a huge company whose interests range from automobiles to steel –they paid $12 billion to acquire Britain-based Corus Steel earlier this year. So apparently, money isn’t the object when it comes to Tata that wants to expand globally in every aspect.

Via: Detnews