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Jaguar-Land Rover sold today (2008)

By 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.

Peugeot & Citroen cut Electric Car prices

Peugeot Citroen EV Price Cut The prices of both the Citroen C-Zero and the Peugeot iOn have been cut by £6,939 and new contract hire deals have been added. We know that sales of electric cars (EV) are woeful, and that nothing more than a handful of private buyers have actually bought in to the dream that is an electric car future. With that in mind it’s no surprise that the enormous list price of the Citroen C-Zero EV and Peugeot iOn EV have been slashed by £6,939, bringing the price down to a still silly £26,216, although, at least for now, you can still get the taxpayer bribe of £5,000 bringing the price you pay down to £21,216.

New Routemaster bus hits London streets

The very first new Routemaster hybrid bus began its first day of service in London today. The bus, whose exterior and interior were designed by Londoner Thomas Heatherwick, retains the distinct character of the old Routemaster – British as the London taxi and red telephone boxes – but is far more modern in its design and construction. The new Routemaster's main design features are its three sets of doors and two staircases, which it is hoped will ease the strain during rush hour in regards to alighting and entering the bus.