Tata to get full stake in Jaguar, Land Rover-paper

Newswire

MUMBAI, Jan 30 (Reuters) - India's Tata Motors Ltd is preparing for "an outright purchase" of Ford Motor Co's Jaguar and Land Rover luxury brands, against an earlier plan for a majority stake, the Economic Times said on Wednesday. "Ford has decided not to retain a minority stake, as it is convinced about the future development of these two brands in the hands of the Tatas,", the newspaper said, citing sources close to the development. Ford earlier this month picked Tata Motors as the ...

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