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Tata buys Jaguar, Land Rover in $2.3B deal

  • Story Highlights
  • Ford sells British carmakers Jaguar and Land Rover to Tata Motors
  • The Indian company has confirmed it will pay $2.3 billion in the acquisition
  • Tata said it did not anticipate significant changes to work force at both firms
  • United States-based Ford bought Jaguar for $2.5B and Land Rover for $2.7B
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