Friday, May 2, 2008

Jaguar Cars

Founded 1922
Founder Sir William Lyons
Headquarters Coventry, England, UK
Key people Ratan Tata, Chairman
David Smith, Acting CEO
Mike O'Driscoll, Managing Director
Industry Automotive
Products Automobile
Employees 10,000
Parent Tata Motors

Jaguar Cars Limited is a luxury car manufacturer, based at Whitley, Coventry, with two UK production plants at Castle Bromwich, Birmingham and Halewood, Merseyside. It was founded as the Swallow Sidecar Company in Blackpool in 1922, changing to SS Cars Ltd in 1934 in Coventry, and finally becoming Jaguar Cars Ltd in 1945, followed by several subsequent changes of ownership.

On March 26th 2008, Indian automaker Tata Motors reached an agreement with Ford to purchase their Jaguar & Land Rover operations; the sale is expected to be completed by the end of the second quarter of 2008. It is understood that Ford Motor Company Ltd. will not retain any shareholding in either the Jaguar or Land-Rover companies, unlike Aston Martin where on its sale a small shareholding was retained; the total sum to be paid in cash by Tata Motors is approximately US $ 2.3 billion, Ford will then contribute up to US $600 million to the Jaguar Land Rover pension plans.

Jaguar Cars holds Royal Warrants from HM Queen Elizabeth II and HRH Prince Charles.

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