Straightline

After months of will-they or won't-they, of when and for how much, Tata and Ford have finally inked a deal that will transfer ownership of the iconic British brands to the Indian Tata Motors. The price is reportedly close to $2.3 billion. In addition Ford will contribute $600 million to Jaguar Land Rover pension plans.

Full story here.

Here's Auto Observer's take: Ford Sells Jaguar, Land Rover to India's Tata for $2.3 Billion and Tata Gets Near-Death Jaguar, Recovering Land Rover from Ford In U.S.

Here's Inside Line's take: Ford Sells Jaguar, Land Rover to Tata and Tata Faces Major Work on Jaguar, Land Rover