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Jaguar
Tata leads race to buy Land Rover and Jaguar
Who will hold the keys to Jaguar and Land Rover? Read the latest on the takeover deal of the year.
26th November 2007
The race is on to take ownership of Jaguar and Land Rover – and there are two contenders left in the running!
With a reported price tag of £1.5billion, an announcement about the identity of the buyer is expected within days. Tipped for the takeover are both Indian automotive firm Tata and American private equity company One Equity.
The hot favourite is Tata, not least because it has already won the backing of the trade unions. At the head of One Equity’s counter bid is Jac Nasser - a former chief executive at Ford - bringing vast experience of the European car market.
Once the decision has been made, control of the two car makers will switch to the new owners who will then make crucial decisions about the future of the legendary brands. Concerns over factory locations and engine suppliers are widespread. Ford will, however, continue to supply many of the powertrains for all models in the immediate future.
With a reported price tag of £1.5billion, an announcement about the identity of the buyer is expected within days. Tipped for the takeover are both Indian automotive firm Tata and American private equity company One Equity.
The hot favourite is Tata, not least because it has already won the backing of the trade unions. At the head of One Equity’s counter bid is Jac Nasser - a former chief executive at Ford - bringing vast experience of the European car market.
Once the decision has been made, control of the two car makers will switch to the new owners who will then make crucial decisions about the future of the legendary brands. Concerns over factory locations and engine suppliers are widespread. Ford will, however, continue to supply many of the powertrains for all models in the immediate future.
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