Automotive news is really the purview of The Other Half, but even I was aware that Ford Motor Company was in some financial dire straights. So, it's time for them to offload some of their extraneous brands. Jaguar, for one, never seemed like a good Ford fit to me, and apparently they finally think so too. But how strange is it that a British mainstay like Jaguar could be taken over first by former British colonists, the USA, and now be run by India? I'll bet the Queen is not amused.
Ford clears new path with sale of Jaguar, Land Rover
Ford Motor Co. removed a major distraction from its massive restructuring plan with the sale of luxury brands Jaguar and Land Rover to India's Tata Group, analysts said on Wednesday. . .
Read more at: The Economic Times