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Jaguar Cars Limited is a luxury car manufacturer, based at Whitley, Coventry, with
two UK production plants at Castle Bromwich, Birmingham and Halewood, Merseyside.
It was founded as the Swallow Sidecar Company in Blackpool in 1922, changing
to SS Cars Ltd in 1934 in Coventry, and finally becoming Jaguar Cars Ltd in
1945, followed by several subsequent changes of ownership. The name is pronounced /?d?ægju??/ "jag-u-ar" (except for in North America where it is pronounced {d?ægw?r}) with the term "Jag" being used colloquially. Although many media reports stated that on 2008-03-26, Jaguar and Land-Rover became owned by the Indian company, Tata Motors, the Ford Motor Company and Tata Motors stated, in press releases on the same day, that the sale is not due for completion until the second quarter of 2008. It is understood that Ford Motor Company Ltd. will not retain any shareholding in either the Jaguar or Land-Rover companies, unlike Aston Martin where on its sale a small shareholding was retained; the total sum to be paid in cash by Tata Motors is approximately US $ 2.3 billion, Ford will then contribute up to US $600 million to the Jaguar Land Rover pension plans. Jaguar Cars holds Royal Warrants from HM Queen Elizabeth II and HRH Prince Charles. |
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