WheelTronix

India’s Tata Motors has apparently bought British luxury icons Jaguar and Land Rover from US carmaker Ford. It will be officially announced later on Wednesday.

The multi-billion dollar contract is to give Tata a foothold outside the subcontinent. The contract has been figured at up to 3 billion dollars but most news say that the price is around two billion dollars.

A company official stated that the contract will be officially announced later in the day.

This sale of 2 of Britain’s most celebrated industrial firms was supported by Tony Woodley who is the joint leader of Britain’s biggest union Unite.

Woodley stated in a news brief in London that “We would have much preferred Ford to keep the companies in the family, so to speak, especially with Land Rover being so profitable.”
This deal by Tata comes in the midst of an economic downturn which has reduced the demand for prestige vehicles.

A survey was conducted and it was found that the UK’s electricity supply system and national grid has the capacity to deal with an increase in electric and plug-in hybrid vehicles.
The every day peak-use increase is expected to be less than 2%. This is measured under the assumption that electric and plug-in vehicles account for 10% of all vehicles on Britain’s roads.

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