Belt up and enjoy this 365-day ride as you cruise past the most momentous motoring events in history. Packed with fascinating facts about races, motorists and the history of the mighty engine, this is a must-visit web site for any car enthusiast.
The Ford Motor Company announced the sale of its Jaguar and Land Rover divisions to the Tata Group, one of India's oldest and largest business conglomerates, for some $2.3 billion--less than half of what Ford originally paid for the brands. The sale came at a time when Ford, along with much of the rest of the auto industry, was experiencing a sales slump as a result of the global economic crisis. For Tata, which earlier that year had unveiled the Nano, the world's cheapest car, the purchase of the venerable British-based luxury brands was referred to by some observers as a "mass to class" acquisition.