Both companies sold by Ford to Indias Tata.
Jag and Landy, known for extremely poor reliability are now going to be part of Tata Group.
Say farewell friends, cause Tata just dont have neither the sophistication or technology to lead these two brands.
I spoke to a LR rep just last month and he said something along the lines that, Tata would probably just provide the finances and let LR continue on their own R&D.
I can say in the last 2 decades, LR was not able to make its own engines. First it was BMW and then Ford. With the new deal, Ford will continue to provide vital engine components till Tata figures out something!
Anyways, the deal was for $2.3 Billion.
Definately not leasing LR next!