Jaguar Land Rover is scouting for acquisitions of international automakers amid rising competition in the industry, people with knowledge of the matter said.
For those who might start thinking sacrilege, remember in 1960 Sir William Lyons single handedly purchased Daimler, Lanchester, BSA, then Coventry Climax, GUY trucks, Hobbs Transmission, Daimler Hire, Daimler Air Hire, Hooper and Barker Coachbuilders, Carbides and Stratton-Instone. In doing so Jaguar’s founder set the precedents Tata too can build on.
Maserati, Alfa Romeo
Tata Motors gets about 78 percent of its revenue from the luxury brands, according to the Bloomberg-compiled data. No final decisions have been made, and there’s no certainty the deliberations will lead to a transaction, the people said. Representatives for Tata Group and JLR declined to comment.
Fiat Chrysler Automobiles NV is considering options including a plan to spin off the Maserati and Alfa Romeo sports-car brands in order to sharpen its focus on mass-market vehicles, people familiar with the discussions said in August. Volkswagen AG has been weighing the sale of non-core assets including Italian motorcycle brand Ducati, people with knowledge of the matter have said.
In June, JLR said it was working with Lyft Inc. on autonomous-driving technology and will offer vehicles for rent to the San Francisco-based startup’s drivers. The automaker also said it had invested $25 million in Lyft as part of a funding round that closed in April, valuing the business at $7.5 billion.
Jaguar will begin selling its I-PACE electric-powered sport utility vehicle next year, and already has 25,000 orders for it, company Chief Executive Officer Ralf Speth said this month.
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