India Tata Motors Buys Jaguar,Land Rover -TV

http://online.wsj.com/article/BT-CO-20070726-704889.html?mod=DAU-aut-mre-aup

DOW JONES NEWSWIRES
July 26, 2007 5:12 a.m.

NEW DELHI (Dow Jones)--India's Tata Motors Ltd. (500570.BY) has acquired Jaguar and Land Rover, Indian news channel CNBC-TV18 reported Thursday, citing unnamed sources.

A Tata Motors executive however declined comment when contacted by Dow Jones Newswires.

"Tata Motors does not have any comments to make. Tata Motors does not comment on mergers and acquisitions," said Debasis Ray, head of corporate communications.

Ford Motor Co. (F), which owns the two brands, also said the report was inaccurate and that it was still evaluating options.

Tata Motors, which makes buses, trucks and passenger cars, is India's largest commercial vehicle maker by sales.

Last month, Ford hired advisors to help sell Jaguar and Land Rover, both part of its Premier Automotive Group (PAG), in a move expected to reap as much as $8 billion, according to some estimates.

-By New Delhi Bureau, Dow Jones Newswires; 91-11-2307-4020 ; chandrasekhar.jayachandran@dowjones.com

-Edited by Alpana Sarma

Holy cow!!! Or should I say, holy cats... I crack myself up. :)

Maybe the report should have stated that India Tata bought a Jag and a Land Rover... :rolleyes:

Wow, to think England used to run India. Now an Indian company has bought Jaguar which was American owned.

Weird!!

I swear to God, Ford sure knows how to mess up. I will throw a fit if a glorious nameplate such as Land Rover or Jaguar ends up in the hands of Tata.

I swear to God, Ford sure knows how to mess up.
The report messed up. Ford denies such allegations. Hopefully, Jag and Land Rover didn't go to a lesser entity. They need to be owned by ones that are willing to resurrect their luxury and rarity.

I would rather have them be expensive and rare "exotics" like Aston or Bentleys, instead of cheapened versions for the masses...

The report messed up. Ford denies such allegations. Hopefully, Jag and Land Rover didn't go to a lesser entity. They need to be owned by ones that are willing to resurrect their luxury and rarity.

I would rather have them be expensive and rare "exotics" like Aston or Bentleys, instead of cheapened versions for the masses...


Tata ownership by itself won't cheapen the brand.

Ford has a number of demands as part of the PSA - manufacturing stays in GB, protection of jobs, retaining design studies in GB,etc. In addition, buyer must adhere to this agreement to take advantage of reduced pricing for Ford sourced parts.

Don't forget Ford will continue to do business in GB and the last thing they need are negative repurcussions from the sale.

Perhaps they're outsourcing the merger/acquisition...

:uh:

I'm not sure Tata would be all that bad for Jag & Land Rover. They are a massive engineering conglomerate and recently bought the Anglo-Dutch steel giant Corus for $8 billion so they seem to have no shortage of cash. They have been making cars for 50 years and had collaborations with Mercedes in the 60s and Rover in the 90s.

getting away from ford is good ... but going to india is probably bad ... i, uhh, :uh: don't know what to think

Big Andy has a good point tho ... but still ...

Yeah I heard on NPR that Ford's selling those 2 higher end brands of theirs. But no where was it mentioned to whom they are being sold to.

the source is Indian news channel CNBC-TV18

I don't believe it.

http://www.reuters.com/article/ousiv/idUSBOM568020070719
July 19, rumors began that Tata and Mahindra were considering buying Jag and LR. I'm guessing that Indian TV station was getting ahead of themselves.

As long as design and production and some engineering stay in GB thats all that really matters. Say or think what you want about TATA, but they have $$$$$ with a capital D.

http://news.yahoo.com/s/nm/20071221/bs_nm/tata_ford_dc_1

I would never buy a car from a car company called Tata. It just wouldn't feel right. "Hey wanna ride in my Tata X300"

What, Ford couldn't get a bid out of Yugo and Trabant? :egads:

At least when you call customer service, it will be direct from the factory :confused:

How sad, from British to American to Indian...whats next scrap yard in middle east? :D

Unbelievable that Jaguar is owned by India. Think of it's roots and prestige and how it has came long through the years of snobbish luxury......... now it's owned by India.

Unbelievable that Jaguar is owned by India. Think of it's roots and prestige and how it has came long through the years of snobbish luxury......... now it's owned by India.

At one time early in the 20th century, 50% of all Rolls Royce cars sold went to Maharajas in India - so luxury cars have long been appreciated on the sub-continent.

Doesn't matter who owns Jag, IMO, as long as they keep that nice Burled Walnut wood and Connally leather......that is what has always made a Jag a Jag. Unfortunately, the new XK series seems to be doing away with the traditional wood......some versions hame metallic trim.

I guess that's how Ford is going to say good-bye to Jaguar......Ta-Ta.:D

well guys....i know we have a lot of indians in this country...but all of a sudden now we have a lot of indian cars as well.....lol....land rover and jaguar are in much better hands....ford just messed up the jaguar name plate by making it another mercury.....ford just didnt deserve to have land rover to begin with...thank god for that....tata is a very reputable indian company...almost like gm of america with the work ethics of toyota......not as bad as you guys think it going to be!!!....i guess we all wait and see...what happens??

Tradition, heritage, breeding, whatever you call it, Jag had it in spades. It looks like that's gone and forgotten.

Moving to India? Bye-bye Connolly hides . . . :sad:

lol, TATA motors. lol

Wow, to think the U.K used to own India and now Tata Motors bought 2 of its classic brands.

Tradition, heritage, breeding, whatever you call it, Jag had it in spades. It looks like that's gone and forgotten.

Moving to India? Bye-bye Connolly hides . . . :sad:

Why on earth would a change of ownership from US to Indian control affect tradition, heritage, breeding etc? Are you saying Indians appreciate these things less than Americans? BTW Connolly Leather company ceased trading in 2002.

Wow, to think the U.K used to own India and now Tata Motors bought 2 of its classic brands.

pay back is a b*#@h.

Maybe the report should have stated that India Tata bought a Jag and a Land Rover... :rolleyes:

lol...the reports are RIGHT guys...

How sad, from British to American to Indian...whats next scrap yard in middle east? :D

If your comparing India to being close to a scrap yard in the middle east..You are sadly mistaken...

This may upset you a bit -- but the world's RICHEST MAN is Indian...and he was poor as hell ... not born rich...a truly self made man... Mukesh Ambani is his name if you care to google.

Unbelievable that Jaguar is owned by India. Think of it's roots and prestige and how it has came long through the years of snobbish luxury......... now it's owned by India.

---I don't think being put in the hand of Tata is a good look for Jag BUT...I don't know why a few members seem to have such condescending views towards the country as a whole...

Here is the updated news....


Report: Tata Wins Jaguar, Land Rover
India's No. 1 automaker will be named the

"India's Tata Motors (TTM) will be named on Dec. 21 as the winning bidder in the auction for Jaguar and Land Rover, according to a report in Britain's Birmingham Post newspaper. Tata will pay £1 billion, or about $2 billion, for the two Ford Motor (F) luxury auto brands, said the newspaper, which is based near Jaguar and Land Rover's home in the British midlands. "

Link: http://www.businessweek.com/bwdaily/dnflash/content/dec2007/db20071220_511151.htm?chan=top+news_top+news+index _companies

no body care about jags anyways... people who want british luxury car all buy bentleys now... overhere continantial gt and flying spur are everywhere but i have not seen 1 jags in like months...they only one i saw was sitting at dealership with major discount. it is a brand no one really care...

Indians reppin.. what can I say.. we're all over the place.. especially microsoft ..

Unbelievable that Jaguar is owned by India. Think of it's roots and prestige and how it has came long through the years of snobbish luxury......... now it's owned by India.


lol you trying to say indians dont know what luxury is? :egads:

bad news buddy.. look at half the doctors across america... look at the engineers... and all the software guys at microsoft.. a GOOD MAJORITY of em are indian..

what are they driving.. mercedes... lexus.. porsche.. bently.. maserati's

****.. im only 18 and I got a lexus (2nd car) ... I think im off to a heck of a good start... just like the rest of us. Parents got an S550 E350 and we got a 528i

lol I aint braggin.. just making a point. just cuz INDIA.. bought out jag and land rover.. doesnt mean the names will go to ****. :thumbup:

I would never buy a car from a car company called Tata. It just wouldn't feel right. "Hey wanna ride in my Tata X300"
:cry::cry::cry::cry::cry::cry:

At least when you call customer service, it will be direct from the factory :confused:

:argue::eek3::sai:

all you guys think jaguar and land rover going tata is bad cause you guys dont know any better..........same thing was said about toyota back in the fifties....japan makes cars!! ...look were they are now....wait and see friends!!

Looks like the posts from the summer were premature. But Ford is definitely making noises like Tata will be the new parent of Jaguar and Land Rover.

Tata picked as top Jaguar bidder By TOM KRISHER, AP Auto Writer

An Indian car maker that will unveil the world's cheapest car next week may soon produce two of the world's premier brands as well.

Ford Motor Co. named Tata Motors Ltd. the top bidder for its Jaguar and Land Rover brands Thursday and entered into "focused negotiations at a more detailed level," meaning Tata was named preferred bidder for the storied British automakers.

"While no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks," Lewis Booth, executive vice president of Ford's European units, said in a statement.

Jaguar and Land Rover employees in the United Kingdom were told about the negotiations Thursday morning shortly before the company made the announcement.

Ford executives have said they expect sell the two British automakers early this year.

Ford spokesman Jay Ward in London would not say how much Tata bid for the automakers, nor would he say if two other bidders, Indian automaker Mahindra & Mahindra Ltd. and U.S. private equity firm One Equity Partners LLC, still were in the running. Last month people close to the negotiations with Ford told the AP that potential suitors had submitted bids for both companies that ranged from $1.5 billion to $2 billion.

A person briefed on the negotiations said Thursday that Mahindra and One Equity still were under consideration, although Tata is the likely buyer.

"Ford hasn't told them to go away, and that's the end of it," the person told The Associated Press. "Tata's emerged as the preferred partner."

The person requested anonymity because the talks are confidential.

Mumbai-based Tata Motors confirmed the negotiations Thursday.

"We are now entering a period of more focused and detailed negotiations with Ford. We hope both parties can reach an agreement in the forthcoming weeks, though these are complex discussions and there is still much work that needs to be done before that position is reached," a company statement said. "We are pleased by the progress in the discussions to date and very positive about the prospects of this business going forward."

Tata plans to unveil its ultracheap $2,500 car next week at an auto show in New Delhi.

Company Chairman Ratan Tata said in a recent interview that acquiring Jaguar and Land Rover would help bring global visibility to his group — a sprawling conglomerate that makes everything from automobiles to steel and software, and a name that until recently was little-known outside India.

Tata Steel made headlines in January when it acquired Anglo-Dutch steelmaker Corus Group PLC for $12.1 billion by outbidding rivals. The deal, India's biggest foreign acquisition, put Tata at the forefront of India's global reach.

While the Corus acquisition was widely seen as a good match — and appears to be paying off — many fail to see comparable synergies in Tata's attempted takeover of Jaguar and Land Rover.

Tata long has been a giant in truck and bus manufacturing, but it has sold cars for only about a decade. It currently has about a 17 percent share of India's market.

Tony Woodley, general secretary of Unite, Jaguar and Land Rover's main labor union, said much still needs to be negotiated with Tata.

"We need further and more detailed meetings and discussions with Ford and Tata which will focus on the job security of our members in the Jaguar, Land Rover and Ford plants in the U.K.," he said in a statement.

Unite has said it would prefer Tata if the company is sold.

Ford is interested in maintaining its parts supply relationship with the new owners of Jaguar and Land Rover. The company builds engines for Jaguar in Europe.

Industry analysts have said Ford wants to find a buyer who would preserve the Jaguar and Land Rover heritage and jobs in the U.K. Ford, which is the top auto seller in the U.K., doesn't want to rankle British customers, they said.

The U.K. government's Business and Enterprise Department in a statement called the Tata announcement a welcome step toward.

"The government's sole concern is to ensure a successful, sustainable future for Jaguar/Land Rover in the U.K. If Tata is ultimately successful in its bid, the government will work as closely with them as it always has with Ford," the statement said.

Cash-hungry Ford, which lost $12.6 billion in 2006 but earned $88 million in the first nine months of 2007, has been looking to sell Jaguar and Land Rover.

It has mortgaged assets to continue operations and expects to burn up $12 billion to $14 billion until 2009, when it plans to return to sustained profitability.

Jaguar and Land Rover strained by unfavorable exchange rates and high production costs in Britain.

Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000, joining them with Aston Martin and Volvo to form its Premier Automotive Group.

Mark Warnsman, an analyst with Calyon Securities in New York, said Ford will have to sell the brands at a loss primarily because Jaguar has an uncertain future. While Ford has improved Land Rover, Jaguar has continued to struggle, he said.

"Any buyer of Jaguar is going to be taking on the reputational risk of being able to rebuild that brand," Warnsman said. "There's a huge risk of whether that brand can be revitalized and compete successfully with BMW and Mercedes."

Both Land Rover and Jaguar will require significant investment in the next cycle of new products, he said.

Earlier this year Ford completed the sale of its controlling stake in Aston Martin for $931 million in cash and preferred stock.

Ford has said it plans to keep Volvo for now, fixing its cost structure and making it a more premium brand.

Shares of Ford fell 12 cents, or 1.8 percent, to $6.48.

Ripped from a post on mbworld, but apparently Tata isn't as 'small' as a company as many Americans or even Westerns would like to think.

That's fine :) Less attention to the assets means less irs audits :D
FWIW the median income of Indians in America is double that of the average. Coming from a nation of a billion people, they statistically have a better chance of have more "great minds"

It's shown that way in the past from texts like the Mahabharata and continues on today in all the fields of science.

Ripped from a post on mbworld, but apparently Tata isn't as 'small' as a company as many Americans or even Westerns would like to think.

That's fine :) Less attention to the assets means less irs audits :D

Gee, I didn't know Associated Press only releases on MB World.:uh:

How sad, from British to American to Indian...whats next scrap yard in middle east? :D

Shows how much you know.

Gee, I didn't know Associated Press only releases on MB World.:uh:
Oops, not you, I meant my posts thoughts.
I still haven't had time to evaluate the entire situation, sorry for the confusion of clarity.

I dont think TATA will make Jags in India. They will own Jag and Range Rover but they will operate independently, but TATA will put billions of dollars to bring the brands back up to par. This is probaly the best thing that has ever happened to Jaguar. The realiabilty will also strengthed too. Also I hear that they will be adding new models for Jaguars and Range Rovers lineup. But hopefully things should get up to par, I hope for the beter. I really like Jaguar, the new XKR is very appealing car.

lThis may upset you a bit -- but the world's RICHEST MAN is Indian...and he was poor as hell ... not born rich...a truly self made man... Mukesh Ambani is his name if you care to google.

You need to update your information.

The indian news claimed he was the richest man but was later told that his worth-information was inaccurate by his own company reliance industries.

He is indeed a wealthy businessman but he is far from being the richest. I believe his networth pegs him somewhere in the top 10 but he remains far behind the top tiers.

lol you trying to say indians dont know what luxury is?

bad news buddy.. look at half the doctors across america... look at the engineers... and all the software guys at microsoft.. a GOOD MAJORITY of em are indian..

what are they driving.. mercedes... lexus.. porsche.. bently.. maserati's

****.. im only 18 and I got a lexus (2nd car) ... I think im off to a heck of a good start... just like the rest of us. Parents got an S550 E350 and we got a 528i

lol I aint braggin.. just making a point. just cuz INDIA.. bought out jag and land rover.. doesnt mean the names will go to ****.

I know there are many doctors and other professionals of indian descent but where did they get their education? ;)

Not to say that indian education is worthless but most of those doctors and engineers studied in the states to get their degrees. Coming from another country into the states pretty much makes your degree worthless.

Coming from another country into the states pretty much makes your degree worthless.

Really??? So all the hundreds of thousands of highly educated professionals that are attracted to work in the US by big corporations have worthless degrees? FWIW India has some top class educational establishments and they certainly don't issue worthless degrees. In fact the Indian Institutes of Technology was ranked the third best technology university in the world in 2005 and with the cost of tuition continuing to rise more students are expected to travel to the sub-continent from the West to complete degrees.

i guess it depend on where you got your degree from... a friend of mine from long time ago had a degree in japan and he told me that it is pretty much worthless here so when he came here he went to school again... also my wife's co-worker had a master degree in japan but the state won't let her get her license she has to get her master here before she can get her license... my grandpa got his degree in UK and he came to the state many of times but from what i remeber he can't pratice in US... i heard lots of story like that...

lol you trying to say indians dont know what luxury is? :egads:

bad news buddy.. look at half the doctors across america... look at the engineers... and all the software guys at microsoft.. a GOOD MAJORITY of em are indian..

what are they driving.. mercedes... lexus.. porsche.. bently.. maserati's

****.. im only 18 and I got a lexus (2nd car) ... I think im off to a heck of a good start... just like the rest of us. Parents got an S550 E350 and we got a 528i

lol I aint braggin.. just making a point. just cuz INDIA.. bought out jag and land rover.. doesnt mean the names will go to ****. :thumbup:


The guys at Microsoft are doing well, so do the professionals in America but India remains one of the poorest country in the world with poverty rates ever increasing. Sadly even doctors do not make a lot of money in India. Your parents are doing well, but I doubt you are making any siginificant money at the moment.

The guys at Microsoft are doing well, so do the professionals in America but India remains one of the poorest country in the world with poverty rates ever increasing. Sadly even doctors do not make a lot of money in India. Your parents are doing well, but I doubt you are making any siginificant money at the moment.

I was gonna comment about that as well but I didn't want to stir up any trouble.
No one is doubting that Indians don't have taste or know what luxury is but India the country is still a poor country. Meaning they are probably paying their workers (not everyone in India is Indian so this could mean anyone working in India) much less than in other countries, so maybe the quality will drop. There's a reason why so much outsourcing goes to India because it's more cost efficient, they can pay them far less for the same work. I can't comment on the quality of a car product coming from India but it is up for skepticism.

i'm very interested in watching how this turns out, as i work on jags and rovers for aliving. it really can't be worse than being under ford ownership.

Really??? So all the hundreds of thousands of highly educated professionals that are attracted to work in the US by big corporations have worthless degrees? FWIW India has some top class educational establishments and they certainly don't issue worthless degrees. In fact the Indian Institutes of Technology was ranked the third best technology university in the world in 2005 and with the cost of tuition continuing to rise more students are expected to travel to the sub-continent from the West to complete degrees.

I didn't mock the indian educational system at all.

I merely said, that if you come from a foreign country, most likely, the degree you earned will stand for nothing in the states.

As the guy after you posted, a lot of educated professionals have to work again to get an american degree in order for them to practice whatever they specialize in.

That's not to say for everyone and for everything but in MOST cases, it's what happens.

And it's fantastic that india has such a great educational instution. But again, there's a reason why foreigners still look to come study in the US. It's because an american degree means something in the world.

I didn't mock the indian educational system at all.

I merely said, that if you come from a foreign country, most likely, the degree you earned will stand for nothing in the states.

As the guy after you posted, a lot of educated professionals have to work again to get an american degree in order for them to practice whatever they specialize in.

That's not to say for everyone and for everything but in MOST cases, it's what happens.

And it's fantastic that india has such a great educational instution. But again, there's a reason why foreigners still look to come study in the US. It's because an american degree means something in the world.
Engineering degrees are universal.

Everything else is second class. :D

Oooh, my ego is too big for this thread... :p

No really though, the next decade is gonna rock. The focus is not just shifting, but it's getting bigger to include Russia, China, and India.

And you thought the world was small yesterday... Thank goodness we're taking everyone along with us this time:
http://radian.org/notebook/first-deployment

Price tag said to top $2 billion

http://cwimg.sv.publicus.com/apps/pbcsi.dll/bilde?Site=CW&Date=20080325&Category=FREE&ArtNo=461369613&Profile=1065&ref=AR&maxw=630
Tata Motors is buying Jaguar just as the automaker is ready to launch the new XF sedan.

By GREG MIGLIORE

Ford Motor Co.'s sale of British luxury brands Jaguar and Land Rover to Tata Motors Ltd. closed on Tuesday for more than $2 billion, Reuters is reporting.

The deal was signed Tuesday and is expected to be announced on Wednesday, March 26, an unnamed source told the wire service. It also calls for Ford to pay Tata $597.7 million to help cover retirement expenses for Jaguar and Land Rover workers.

Ford has been restructuring its global operations and is focusing on returning its North American business to profitability. Money from the sale is expected to be used in product development, CEO Alan Mulally has said.

The automaker sold Aston Martin to Kuwaiti holding company Investment Dar and former Benetton and British American Racing chief David Richards, last year.

Ford also has considered selling Volvo.

Tata has reportedly secured a deal with Citigroup and JP Morgan for $3 billion in new financing to back the purchase.

Source: http://www.autoweek.com/apps/pbcs.dll/article?AID=/20080325/FREE/461369613/1065

I didn't mock the indian educational system at all.

I merely said, that if you come from a foreign country, most likely, the degree you earned will stand for nothing in the states.

I know this is a nearly three-month old post, but I felt very compelled to respond. This isn't true at all, or else graduate degree programs in the US would not accept most foreign students. In recent years, half of all incoming graduate students in the US were foreign students. Much of this is due to self-selection, but I disagree strongly with the assertion that "most likely" a foreign degree is worthless.


And it's fantastic that india has such a great educational instution. But again, there's a reason why foreigners still look to come study in the US. It's because an american degree means something in the world.

It is indisputable that, overall, the US has the best colleges in the world. However, that is a completely distinct issue from college degrees obtained in other countries being worthless.

Price tag said to top $2 billion

http://cwimg.sv.publicus.com/apps/pbcsi.dll/bilde?Site=CW&Date=20080325&Category=FREE&ArtNo=461369613&Profile=1065&ref=AR&maxw=630
Tata Motors is buying Jaguar just as the automaker is ready to launch the new XF sedan.



Source: http://www.autoweek.com/apps/pbcs.dll/article?AID=/20080325/FREE/461369613/1065

Does this mean they'll be bringing out that two-sitar sports car we've all been waiting for? :)








I'll get my coat...

I am not so sure if it is true.....

I am not so sure if it is true.....

Well, it's on CNN. So, I think it's true.

We will see some upsale 2500$ TATA car badged as Landrover soon.

Well, here it is.....we knew it was coming. Ford said Ta-Ta :D today to Jag and Land Rover. The new owner?........ India's Tata motors.


http://www.foxbusiness.com/markets/industries/transportation/article/ford-sells-jaguar-land-rover-indias-tata-motors_534193_8.html


DETROIT -- Ford Motor Co. is selling its storied Jaguar and Land Rover businesses to India's Tata Motors Ltd. in a deal that will net the struggling U.S. automaker about $1.7 billion -- roughly a third of the price it paid for the two luxury brands.

The deal announced Wednesday will expand the Indian carmaker's reach around the globe.

The agreement had been in the works for months as cash-strapped Ford sought money to fund its turnaround plan.

Tata will pay $2.3 billion for the British brands, but at closing, Ford will pay about $600 million into the Jaguar-Land Rover pension fund, Tata's statement said.

Ford (F: 5.87, -0.13, -2.16%) bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000. But it has been struggling and wants to focus on its main brands.

Tata said it expects no significant changes in the terms of employment for Jaguar and Land Rover's 16,000 workers. It said the transfer of the brands would take place at the end of the second quarter.

"Jaguar and Land Rover are terrific brands," Ford CEO Alan Mulally said in a statement. "We are confident that they are leaving our fold with the products, plan and team to continue to thrive under Tata's stewardship.

"Now, it is time for Ford to concentrate on integrating the Ford brand globally, as we implement our plan to create a strong Ford Motor Company that delivers profitable growth for all."

Tata said in its statement Ford will continue to supply engines, transmissions and other components "for differing periods." Ford also will continue to provide environmental and other technologies as well as engineering support.

Tata Chairman Ratan N. Tata said his company will try to build on the brands' heritage, keeping their identities intact.

"We aim to support their growth, while holding true to our principles of allowing the management and employees to bring their experience and expertise to bear on the growth of the business," he said in a statement.

Roger Maddison, an official with Unite, Jaguar and Land Rover's main labor union, said the deal is good news for the automakers' employees as well as those who work for parts suppliers.

"Unite has secured written guarantees for all five UK plants on staffing levels, employee terms and conditions, including pensions, and sourcing agreements. The sale ensures our members futures and we look forward to working with Tata," Maddison said in a statement.

Ford shares rose 8 cents to $6.08 in premarket trading Wednesday. Its shares have traded in a 52-week range of $4.95 to $9.70.

Hmmm, I woulda thought that with the XF coming out that Jaguar would have some potential for them. But I guess the really needed the cash. And i guess Jag will still be the car for the next Bond film.

I guess the really needed the cash.

That's the way it usually is with American firms....most of what they do is for short-term cash and profits.

That's the way it usually is with American firms....most of what they do is for short-term cash and profits.

I could see Ford making some money off of a hybrid Fusion, well after a few years anyway. I mean, they developed the technology but only have it in one vehicle. Shouldn't they be applying it elsewhere for greater returns?

i checked ford.com jaguar and land rover are still listed there

I could see Ford making some money off of a hybrid Fusion, well after a few years anyway. I mean, they developed the technology but only have it in one vehicle. Shouldn't they be applying it elsewhere for greater returns?

I assume you are talking about the Escape Hybrid.

No. Ford did NOT develop that technology. That was one reason for the delay in the Escape Hybrid's original introduction. Ford bought the rights to use a version of Toyota's Hybrid Energy Drive, under license, with the Escape's 4-cylinder. That, of course, had to be cleared with both companies' lawyers.

Now.....GM DID develop their own Hybrid systems, but they are less complex and less sophisticated than Toyota's and Honda's. GM systems, for the most part (though the very latest ones are a little better), just shut down the gas engine at idle.