Ford to announce Jaguar sale to Tata on Wed -- FT

Newswire

DETROIT, March 24 (Reuters) - Ford Motor Co is due to announce its agreement to sell its luxury brands Jaguar and Land Rover to India's Tata Motors Ltd for about $2 billion on Wednesday, the Financial Times said on Monday. The sale will include a pledge by Ford to contribute to the pension fund for workers at Jaguar and Land Rover and a commitment by Tata to continue buying engines from Ford, the Financial Times said in the story posted on its Web site. A spokesman for Ford Europe was ...

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