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Ford will sell Jaguar, Land Rover to India's Tata Motors

DETROIT -- Ford Motor Co. announced today that it has reached "definitive agreement" to sell Jaguar and Land Rover to Tata Motors.

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A peek at the future of Jaguar and Land Rover:

Tata Motors, the new owner of Jaguar and Land Rover, has guaranteed at least the next five years of existing product plans. That's a practical decision, if nothing else, because to cancel programs now would bring instant cost penalties.

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Ford sells Jaguar and Land Rover for $2.3 billion: Ford will supply powertrains, tech

Ford Motor Co. has agreed to sell iconic British luxury brands Jaguar and Land Rover to Indian automaker Tata Motors for $2.3 billion, the automaker said on Wednesday.

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