Car Leasing Companies and Contract Hire Companies in the UK

Tata Signs Deal For Ford Stalwarts

This week the Indian based company Tata Motors signed a £1.15 billion pound deal for the takeover of Jaguar & Land Rover. These vehicles are placed at mid-higher end of the car contract hire and leasing marketplace, and a popular choice for senior managers and executives. The deal will see the launch of a 5 year investment plan which promises the continued supply of Ford engines; a major proportion of which are manufactured at the Ford Dagenham and Bridgend Plants.

Almost 16,000 employees are based at these UK operations, and this news should bring some closure to the job loss fears, which for many months have overshadowed the workforce at these sites. Tata have confirmed that they plan to build on the success of the Jaguar & Land Rover brands, a popular choice for both car contract hire and leasing and personal lease arrangements and is welcomed by most car contract hire and leasing companies across the UK. 

The Car Leasing Directory will continue to provide news and up to date our blogs on this story as progress is made. It remains to be seen or confirmed if there are fears within the car contract hire and leasing industry if vehicle residuals will fall, will it effect effecting contract plans due for termination, will it increase lease rentals to cover losses if it all goes wrong or will it be boom time, only time will tell.