Tata Motors gets keys of JLR
Signs Long-Term Agreements With Ford For Future Support In Major Areas Tata Motors finally got the keys for Jaguar and Land Rover, the two British marques it acquired from Ford for $2.3-billion, and announced long-term partnership agreements with the US auto major for future support. The company, that earlier this week announced plans for three rights issues to fund the acquisition, said it would be an all-cash transaction even as Ford would contribute about $600 million to the pension plans of the two brands.