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Ford's Jaguar-Land Rover Division May Go to India

By Adam Davidson

Published January 3, 2008 at 1:00 PM PST

This story was published more than 17 years ago.

All of the major automakers announced end-of-year sales figures Thursday. Ford sales were down 12 percent in 2007, and GM sales were down 4 percent.

Toyota managed an increase of just over 3 percent for the year and replaces Ford as the nation's No. 2 automaker.

In order to shore up its balance sheet, Ford has been looking to sell its Jaguar-Land Rover division. On Thursday, the company announced that it is negotiating a sale to India's Tata Motors.

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Adam Davidson

Adam Davidson is a contributor to Planet Money, a co-production of NPR and This American Life. He also writes the weekly "It's the Economy" column for the New York Times Magazine.

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