Tata is inching very closely to acquiring Jaguar and Land Rover from Ford Motor Company, and everyone is already assuming the two companies are in Tata’s hands, in a deal that analysts have pegged at being worth between US$1.5 to US2.0 billion.
One company that is very happy about all of this is Fiat, who has a close relationship with Tata. Tata uses Fiat turbodiesel engines in their cars, and the two companies have a partnership worth Rs 4000 crore (3.3 billion ringgit) in India.
Fiat says this will most likely allow the Italian company to get access to Jaguar’s technologies. It is particularly interested in Jaguar’s rear wheel drive platform as well as Land Rover’s four-wheel drive technology. Yup, you guessed right – the first model from the Fiat group to benefit from this is most likely the new flagship Alfa Romeo 169, which Fiat plans to develop as a rear wheel drive car.
Ford may forgo retained stake in Jaguar and Land Rover