Tata Will Pump $8 Billion Into Jaguar, Land Rover Over The Next Five Years

Tata Will Pump $8 Billion Into Jaguar, Land Rover Over The Next Five Years

Parent company Tata is serious about their British crowns. Over the next 5 years, they will inject 8.2 billion dollars into making sure that Jaguar and Land Rover are not only afloat, but good enough to beat the Germans.

A sizeable chunk of that money will go towards new equipment for the brands’ three manufacturing facilities in England. Some of it could also go towards a new manufacturing facility in China, as previously rumored. And $1.25 billion of that will go towards engine manufacturing, so Jaguar and Land Rover can finally break off ties with ex-owner Ford.

Overall, Tata plans to improve quality and introduce new, fuel-efficient engine technologies during the next five years—all the better to face Audi and BMW.

[Source: Road and Track]

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