Sale of Jaguar, Land Rover Set For Next Week - Just British
Tata Motors will announce its purchase of Jaguar and Land Rover on March 5 or 6. The dates have been agreed between Tata and Ford Motor Co., which is selling the two luxury brands, following talks with union leaders last week. Roger Maddison, national officer of Unite, the largest union in the UK auto industry, told Automotive News Europe that Tata had agreed to meet guarantees sought by union leaders. He said, “Everything seems fine as far as we are concerned; it’s just the lawyers working on it now.” Union leaders spoke with Ford and Tata to resolve final details before the drawing up of a memorandum of understanding for the sale. In earlier talks with the two companies, unions had been seeking assurances that Tata would continue to source engines, stampings and other systems from Ford’s plants in Bridgend [...]