Thursday, April 24, 2008

Tata gets US antitrust OK for Jaguar, Land Rover


US antitrust authorities have cleared India's Tata Motors Ltd's purchase of Jaguar and Land Rover from Ford Motor Co.Antitrust authorities completed their review of the $2.3 billion deal without taking any action to block it, the U.S. Federal Trade Commission.

In March, Tata announced it would buy Jaguar and Land Rover, giving the Indian automaker a line-up of products ranging from the world's cheapest car to some of the most expensive.

Related Stories:
Ford sells Jaguar/Land Rover to Tata-source
SBI, others to raise $3 bn for Tata Motors

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