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Jaguar-Land Rover sold today (2008)
Wed, 26 Mar 2008By Tim Pollard Motor Industry 26 March 2008 10:18 Ford has finally sold its Jaguar and Land Rover subsidiaries to Indian manufacturing giant Tata Motors. The Blue Oval announced the widely anticipated sale to the US stock markets and employees this morning, confirming it was paid $2.3 billion (£1.2bn) for the two premium British marques. It has sold them wholesale, rather than keeping a stake as it did with Aston Martin - ending a decade of American ownership.Ford bought Land Rover from the BMW-Rover break-up in 2000, 11 years after it acquired Jaguar.
Mazda Celebrates MX-5’s Quarter Century In Style
Wed, 18 Jun 2014AS part of the MX-5’s 25th birthday celebrations, Mazda has released a limited edition version of its iconic roadster. The MX-5 Roadster Coupe 2.0-litre 25th Anniversary Limited Edition hits the showrooms in August and, to ensure its limited run status, just 1,000 individually numbered examples will be built. Crucially, in a testament to Britain's enduring love affair with open-topped motoring 750 units will be made available to UK customers, with number one being unveiled at this year’s Goodwood Festival of Speed on 26-29th June.
GM moves Korean design studio to Seoul
Tue, 20 Apr 2010General Motors is moving its Korean advanced design studio from Incheon to the trendy Gangnam district of Seoul. The studio, one of 10 design studios worldwide for GM, employs 30 designers. It has prime responsibility for GM's small cars, such as the Chevrolet Aveo, Spark and Cruze.