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Tata/Ford: Roaring again

27 mars 2008, 0h00
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Tata is driving off with Jaguar and Land Rover cheaply. It is paying a mere $2,3bn (E1.47bn) for the two UK luxury brands, less than half what Ford shelled out for Jaguar and Land Rover together. Although the low price reflects tough conditions in today’s premium car markets and a legacy of labour and quality problems, the sale includes side deals that lessen Tata’s risks. First, the headline price is lower than it looks. Ford is putting about $600m into the carmakers’ pension funds, so the US ...
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