Ford says Tata to Jaguar, Land Rover

March 26, 2008

For Tata, the company which is launching the ultra-cheap Nano or "People's Car", the transaction will add high-end luxury to its portfolio. Ford, for its part, gets to shed the money-losing Jaguar brand and gains a cash infusion at a time when the U.S. market is slumping.Reuters correspondent Siddhartha Dubey reports.Reuters correspondent Siddhartha Dubey reports.