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US federal regulators clear Jag/Land Rover sale

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1^# A A A Post at 4-25-2008 08:40 Show author

US federal regulators clear Jag/Land Rover sale

What a world we live in when an Indian company needs US government approval to buy two British companies. No sweat off of Tata's brow, though, as federal antitrust regulators cleared the sale of Jaguar and Land Rover, which Ford is selling to the Indian automaker. The transaction was reviewed by the US Federal Trade Commission to ensure no antitrust issues would arise, but the procedural review ultimately yielded no cause to block the sale. Congratulations, Tata.

[Source: Automotive News – Sub. Req.]

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