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industry news
Ford Officially Selling Jaguar, Land Rover To Tata For $2.3 Billion, Song And Dance
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. More »
industry news
CNBC Asia Reporting Tata, Ford To Close Deal For Jaguar, Land Rover Shortly
The version of "America's Business Channel" spiced with a taste of Asia is reporting Tata's close to finalizing a deal with Ford for Jaguar and Land Rover we've been reporting on for what seems like forever. A Tata Group spokesman said discussions were still going on and the company had no guidance to give reporters on the deal, but a variety of sources are now claiming signatures could be put on paper as early as tomorrow on a deal we're hearing to be less than $2.65 billion. Ratan Tata, the founder and CEO of Tata Motors, is reportedly so excited, he's tried to shake a set of Jaguars. Hmm, that isn't quite as funny.
over the back fence
Could The Jaguar E-Type Be Making A Return?
Despite the ongoing shenanigans between Ford and TATA over the sale of Jaguar and Land Rover, there are whispers emerging about the possible revival of the venerable Jaguar E-Type. Australia's Courier Mail is reporting Jag honchos are considering the revival of what many consider the most beautiful production car to have ever been built. This news has us torn. While we absolutely love the E-Type, so much so that it holds a position in the Jalopnik Fantasy Garage, we think on Jags history of reviving legendary marques and wonder if this is this a good idea. More »
tata nano
Build Your Own Tata Nano
As Jalopnik's Tata Nano day draws to a close, it's worth noting the lag on the Nano mini-site has dropped and you can go right to the corporate site to check out the content there. Even though the site is as lean and mean as the car it's promoting, it has a fair amount of interesting content (US, German, Japanese Automakers take note). The site has everything; a
tata nano
First Video of Tata Nano - 2008: A Nano Odyssey
If the 2008 Tata Nano is as dramatic as its unveil would have you believe, it will soon be learning how to use tools and build space stations. We covered the unveiling of the Tata Nano earlier, but this shaky video is the first we've seen of the little car that could as it bowed at the 2008 Delhi Auto Show. We're loving the soundtrack if you couldn't tell. Such grandeur, so much power and yet, so delicate. After that it's Mr. Ratan Tata himself doing some talking and then the audio breaks up a bit. An appropriately epic start to an epic shift in the industry.
alternative energy
Huffing and Puffing: Tata Electric Car To Run on Compressed Air?
After 14 years worth of research, design and testing, former Formula 1 driver Guy Negre has done what I did back in 7th grade — make an air-powered car. Okay, my air car was a little less complex than this design, but it got third place in the shop class race off and had flames on its tiny, 8-inch long chassis. Now, Indian manufacturer, Tata Motors, yes, the same company that just brought you the cheap-ass Nano a few hours ago, is backing a car powered by compressed air. More »
tata nano
After months of rumors and tantalizing leaks — and as we first told you earlier this week — Indian automaker Tata Motors has finally unveiled the Tata Nano — its already legendary $2,500 (1-lakh)car. As expected, the car that Tata claims will change the face of not only the Indian car market, but the global auto industry will be a four door, five seat hatch, powered by a 30 HP Bosch 624 cc four stroke engine mounted out back and mated to a CVT. That makes the Nano the first time a 2-cylinder gasoline engine will be used in a car with a single balancer shaft. The Nano's also expected to get 54 US miles per gallon. Yes, but will it blend? Full press release after the jump with all the details. By the way — are we the only ones happy to see a Tata Nano sporting what looks like a bra above? Also — how long do we think it'll take before Apple files a lawsuit over the name? Update: We've got video of the unveil posted HERE
More »
The $2500 Tata Nano, Unveiled in India
After months of rumors and tantalizing leaks — and as we first told you earlier this week — Indian automaker Tata Motors has finally unveiled the Tata Nano — its already legendary $2,500 (1-lakh)car. As expected, the car that Tata claims will change the face of not only the Indian car market, but the global auto industry will be a four door, five seat hatch, powered by a 30 HP Bosch 624 cc four stroke engine mounted out back and mated to a CVT. That makes the Nano the first time a 2-cylinder gasoline engine will be used in a car with a single balancer shaft. The Nano's also expected to get 54 US miles per gallon. Yes, but will it blend? Full press release after the jump with all the details. By the way — are we the only ones happy to see a Tata Nano sporting what looks like a bra above? Also — how long do we think it'll take before Apple files a lawsuit over the name? Update: We've got video of the unveil posted HEREMore »
news
$2500 Tatas To Be Shown Thursday
Tata Motors will finally be showing off the long awaited $2500 automobile on Thursday. We've been throwing digital column space at it since August and now we'll get to see the new people's car. So what can we expect from a car that would make Henry Ford proud? Well, to borrow a phrase, everything you need, nothing you don't. The ass-engined Indian slot car is rumored to be a four door hatch with seating for five and a rounded jellybean shape. Expect power nothing and maybe a Bosch supplied 600-ish cc motor attached to a CVT. Also to be expected - YouTube videos of Indians doing choreographed auto fighting with them as soon as they hit the market.[Internation Herald Tribune]
industry news
It's Official, Ford Confirms It Is Trying To Sell Jaguar Land Rover To Tata
Confirming what we already knew about the Ford Jaguar Tata Land Rover Deal, Ford announced that it was in talks with Tata considering the sale of those brands. The statement came from Lewis Booth, Chairman of Ford of Europe and the Premier Automotive Group (Land Rover/Jaguar/Volvo), which will soon only include Volvo. So is that like negotiating your own demotion? Full statement below the jump.More »
detroit auto show
It appears that this whole Tata Motors and Ford deal has been something India has been planning for a long time. At first, the video above just seems like a funny Indian music video dedicated to cars. But then you start to notice something not quite right at about the 2:30 mark. Those are American cars! That's the "big fist" from Detroit, (You mean Joe Louis' fist, right? — Ed.) and the Henry Ford Museum (You mean THE Henry Ford Museum, right? — Ed.) and the Detroit Auto Show and... FoMoCo HQ! They've been planning it all along. And the dry humping in font of that Hyatt (You mean the Dearborn Hyatt....sigh...why do I even bother? — Ed.) sign is just them gloating. I for one welcome our new Indian overlords and look forward to dancing with them at the upcoming Detroit Auto Show. Car Car Car!
Car Car Car! India Comes to Michigan
It appears that this whole Tata Motors and Ford deal has been something India has been planning for a long time. At first, the video above just seems like a funny Indian music video dedicated to cars. But then you start to notice something not quite right at about the 2:30 mark. Those are American cars! That's the "big fist" from Detroit, (You mean Joe Louis' fist, right? — Ed.) and the Henry Ford Museum (You mean THE Henry Ford Museum, right? — Ed.) and the Detroit Auto Show and... FoMoCo HQ! They've been planning it all along. And the dry humping in font of that Hyatt (You mean the Dearborn Hyatt....sigh...why do I even bother? — Ed.) sign is just them gloating. I for one welcome our new Indian overlords and look forward to dancing with them at the upcoming Detroit Auto Show. Car Car Car!
gossip
Tata Could Win Bid For Jaguar and Land Rover Today... Or Much Much Later
Though there are reports that Tata will announce winning the bid for Jaguar and Land Rover today, we tend to believe those that say the company is merely going to get "preferred-bidder status," meaning that Tata will get the bid unless negotiations falter. Also, it's kind of a big story so unless Ford is trying to bury the news we'd think they'd announce the deal in the new year. More »
industry news
Get Ready To Show Us Your $2,500 Tatas
As if we couldn't get more excited about the Delhi Auto Show, the $2,500 Tata will be on display for the first time. The car will have four doors, a rear-mounted engine and probably not much in the way of safety features (they'll save all of those for Jaguar). The automaker will also offer a version with more features, such as a roof and steering wheel. More »
industry news
Rover, Jaguar Expected To Be Bought By Indian Automaker Tata Motors
It looks like Ford's premium brands, Jaguar and Land Rover, will end up in the hands of a company rabidly trying to both seal a deal to boost national pride as well as to develop and promote a $2,500 car. Ford Motor Co. is expected to announce this week that Tata Motors is the preferred bidder for the two companies. A final deal is anticipated in early 2008, with Tata expected to pay around $2 billion to acquire both companies. Now there's just one final question: should the $2,500 car be a Rover or a Jag? [Reuters]
because the ambassador is just too expensive
