Tata Motors Ltd., India’s largest truckmaker, plans to build Jaguar cars and Land Rover sport- utility vehicles in China as it seeks to cut costs and expand sales of the luxury brands in emerging markets.
Tata bought Jaguar and Land Rover in 2008 from Ford Motor Co. for $2.5 billion. The Mumbai-based company, including the newly combined U.K. luxury-vehicle division, returned to annual profit in the last fiscal year as truck and bus sales rose in India and Jaguar Land Rover reduced its workforce and scaled back spending to achieve a pretax profit.
Read more, @BusinessWeek
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