Wednesday, March 26, 2008

Former Colony Buys Crown Jewels

Motoring crown jewels that is. Somewhat ironic that India's Tata automotive group has acquired both Jaguar & Land Rover from Ford. Originally bought for $5.2B the brands will now net Ford $1.7B in cash, now that's depreciation for you. Ford claimed that they "would invest the proceeds from the sale in quality and product development" and maybe build some cars we'd like to buy?

No comments: