I'm sorry, Fools, but this is just too easy. At long last, the Jaguar and Land Rover automobile brands will now say "ta-ta" to their parent, Ford
By now you've likely heard that the beleaguered automaker will sell both brands to India's Tata Motors
It appears that the sale won't result in a clean break, at least for a while. For at least three years, Ford will still supply powertrains, stampings, and other parts and technologies for the brands. In addition, the sale agreement calls for Ford to maintain research and development and accounting support for a time. And financing will remain available from Ford Motor Credit for about a year.
Like its Michigan neighbor, General Motors
At the same time, questions persist about the very viability of the grand old company founded by the legendary Henry Ford. So while the sale will permit Ford to run leaner, and to concentrate on its core operations and its own survival, there appears to be little reason for Fools to suddenly become excited about its down-in-the-dumps shares.
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