Ford Motor Co. is selling its storied Jaguar and Land Rover businesses
to India's Tata Motors Ltd. in a deal that will net the U.S. automaker
$1.7 billion — roughly a third of the price it paid for the two luxury
brands.The deal announced Wednesday will expand the Indian carmaker's
reach around the globe and give Jaguar and Land Rover badly needed
capital to update and expand their product lines.
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