Indian Tata to pay under $2.65 billion for Jaguar and Land Rover

Mar 25 2008, 9:15am CDT | by Luigi Lugmayr

Indian Tata Motors apparently to pay less than the initially reported $2.65 billion for Jaguar and Land Rover.

Ford seems to be close to a deal with Tata Motors to sell the luxury car brands Jaguar and Land Rover.
I wonder if the deal will hurt the brand recognition of Jaguar and Land Rover. Tata Motors is fairly unknown still. They got some publicity with their introduction of their $2,500 car Tata Nano.
Via Reuters.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.