Tata rebuffs reports of Jaguar Land Rover sale

Jaguar Land Rover's parent company Tata Motors has denied it plans to sell the struggling manufacturer to Peugeot and Vauxhall owner PSA Group. Reports had claimed senior management teams at PSA and JLR have been given access to a post-sale integration document with the details of a tie-up. But a Tata Motors spokesperson said: "There is no truth to these rumours." Tata bought JLR from Ford for £1.15bn in 2008 and the business has been transformed in the last decade to become one of the region's most important and successful... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
Close