April 1st, 2008 
Alex Ford Motor Company has announced that it has entered into a definitive agreement to sell its Jaguar Land Rover operations to Tata Motors.
The sale is expected to close by the end of the second quarter of 2008.Tata Motors will pay approximately US$2.3 billion.At closing, Ford will then contribute up to approximately US $600 million to the Jaguar Land Rover pension plans.
Alan Mulally, president and CEO, Ford Motor Company. “We are confident that they are leaving our fold with the products, plan and team to continue to thrive under Tata’s stewardship. Now, it is time for Ford to concentrate on integrating the Ford brand globally, as we implement our plan to create a strong Ford Motor Company that delivers profitable growth for all.”
Lewis Booth, executive vice president, Ford Motor Company : “I am confident that, under its new owner, Jaguar Land Rover will continue to build upon the significant improvements and product successes it has achieved in recent years.”
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[...] 2000s while the British brand was under Ford’s ownership. Now, under the ownership of India’s Tata Group, the head of the company Ratan Tata is pushing for one to be [...]