Wednesday, June 04, 2008

Yeah Well

We suppose it could have been worse. AP (06.02.08), via Taplin:
"Ford Motor Co. officially unloaded its storied Jaguar and Land Rover businesses on Monday — netting the cash-strapped automaker a $1.7 billion boost that's a mere third of what it paid for the two luxury brands."

Ford completes sale of Jaguar, Land Rover to Tata Motors

"Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000."

Moody's thought so much of the deal that it downgraded Tata's "corporate family rating".

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