While many decided yesterday to report "officially" that Ford was shaking Jaguar and Land Rover free to the Indian subcontinent for $2.6 billion we knew it was prudent to wait and report it as merely rumor because that number just didn't sound right. That's because here at Jalopnik, we "get" the US auto industry and we knew that when an 'merican automaker (German automakers too — that's right Daimler, we're looking straight at you) spends billions of dollars to bring a brand back to solvency, you expect a sale price to in no way reflect that. Ford didn't disappoint. You see, the sale's actually for $2.3 billion — $300-some-odd million less than yesterday's "whisper number." But wait, there's more. In addition to the cash transaction with Tata Motors, they'll also inject a hot $600 million capital infusion into the pension plans of the two brands. You know, because they haven't already sent enough money into the black hole that was Ford's PAG. Full press release after the jump.
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