Ford cleared one major hurdle in completing its sale of Jaguar and Land Rover to Indian automaker Tata on Wednesday, receiving the go-ahead from U.S. government antitrust officials.
Authorities from the U.S. Federal Trade Commission said in a notice on Wednesday that they had completed a review of the $2.3 billion dollar deal and had no plans to take actions to block the move.
This latest small victory over the mass of legislative red tape will help to put Tata on a path to be a builder of among the most diverse portfolios of vehicles on the planet. Tata officially announced that it would be buying Land Rover and Jag last month.
A smattering from the future Tata empire in the galleries below.
+ Automotive News: TATA GETS US ANTITRUST OK FOR JAGUAR, LAND ROVER (subscription required)
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Hope Tata invests the money in Jaguar to keep them making such great cars. They should be able to offer Jag more funding than Ford did. It’d be a shame to see a company with such a rich history go down the drain… Cheers to the future of Jag/Land Rover!
I like the galleries, but no pictures of the Tata Xenon Pickup. I am still hoping that Tata will bring that vehicle to the States (or at least build it here). Anything to replace the Ford Ranger.
@ mike, when you said “Hope Tata invests the money in Jaguar to keep them making such great cars”, you got me totally lost in here. which car from jaguar is great?? the technology used in jaguar didn’t change since the 90’s. jaguar is very close to be a part of history. that doesn’t mean i want that to happen.
[…] With the ink barely dry on the deal to acquire Jaguar and Land Rover, Tata Motors is reportedly looking at the possible investment in another European manufacturer. […]
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