Estimations…….Discussions…….Barriers……..Postponements………Atlast facing all these TATA Group one more time shown its Prominence in the world of business affairs.
In a Press meet regarding acquisition of Jaguer, Landrover Brands from Ford Motors, Tata Motors Said they came to an agreement and signed on it.
Value of the Agreement is about 2.3 billion dollars. It takes nearly 9 months for the Tata Group to handover the acquisition. Many International companies participated in the race to acquire these two brands but the win is noted by the Tata Motors.
The main reason of Tata acquisition is the Jaguer, Landrover companies primary workers Union ‘Unite’. As the Union is interested in Tata Motors.
In the 103 years old History of Ford Motors, for the year of 2006, it faced the loss of nearly $12.6 billion. There it declared to sell these two brands.