Jaguar Land Rover might be looking to spend some cash on acquisitions to help it stay ahead of the competition.
According to a Bloomberg report, Jaguar Land Rover is looking to acquire a luxury brand to expand its portfolio of offerings. The British automaker is the luxury arm of Tata Motors, and the Indian parent company is willing to provide financial support for potential acquisitions if needed.
Along with looking at luxury automakers to buy, Jaguar Land Rover is also considering purchases of technology companies that would boost its efforts to launch electric and autonomous vehicles.
No final decisions have been made yet, and there’s no certainty Jaguar Land Rover will purchase a company. But don’t be surprised if, in the near future, Jaguar Land Rover is making headlines by acquiring one of its competitors.
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