Jaguar Land Rover IPO Imminent?
Surging growth and no plans of slowing down mean Jaguar Land Rover may be poised to go public. According to an Automotive News Europe report, the automaker is valued at about $14 billion, a far cry from the $2.5 billion Indian automaker Tata Motors paid for it in 2008. When Tata bought Jaguar Land Rover from Ford, both Jaguar and Land Rover had seen recent declines in sales. Confidence of future successes was especially low with the frail economy. But the automaker introduced several new models that were met with praise, success, and positive sales. Most recently, the company debuted the 2012 Range Rover Evoque, which was named the North American Truck of the Year at the Detroit Auto Show in January. The automaker plans to add 1000 jobs and an extra shift at its UK manufacturing plant to help keep up with demand. If Jaguar Land Rover were to go public, it would be the first time since Ford purchased the company in 1990; it was previously public in the UK. An initial public offering could also help raise cash and capital for future investments. Tata Motors has ambitious plans to release or refresh a host of models in the coming years. China is also seen as a crucial market, and the company is investing over a half-billion dollars to partner with Chinese company Chery Auto. Jaguar Land Rover currently doesn't have plans to IPO, but with surging sales and growing prospects in China, now just may be the right time. Source: Automotive New Europe
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