It’s the dawn of a new era at Jaguar Cars and Land Rover, as Ford Motor Co. inks a definitive agreement to sell the storied British marques to India’s Tata Motors Ltd. for $2.3 billion. The production of both Land Rover and Jaguar vehicles will continue in the U.K., the auto makers say. Earlier media reports suggested Tata might move some production to India, which was a point of contention among U.K. labor unions. Under conditions of the agreement, Ford will contribute about $600 ...

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