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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.

Bentley Continental GT V8 unveiled

Bentley Continental GT V8 - heading for a debut at the 2012 Detroit Auto Show The Bentley Continental GT V8 debut is at the Detroit Auto Show in January, but Bentley has revealed their new V8 in GT and GTC guise this morning. The Bentley Continental GT V8, and for that matter the Continental GTC V8, are Bentley’s nod to the more constrained times in which we are living. Well, constrained is relative, but all car makers need to be seen to be cutting emissions and improving economy now the technology is there to do it.

SUV owners to pay more for parking

SUV drivers should get ready to pay more at the parking lot, especially in big cities. MarketWatch reported on Wednesday that parking lots are going the way of airplane luggage: Bigger means more expensive. The report found that Manhattan garages charge $10-$15 more per day for oversized vehicles.