AUTO INDUSTRY NEWS

Report: Jaguar-Land Rover seeks to buy Alfa Romeo, Maserati

Report: Jaguar-Land Rover seeks to buy Alfa Romeo, Maserati image

Anton Andres / Manufacturer Press | September 28, 2017 15:08

Alfa Romeo and Maserati may soon be part of the Tata Group

It seems that several manufacturers want a piece of Fiat Chrysler Automobiles. First it was Geely expressing interest in buying Jeep from the Italian-American automaker and more recently, it was reported that Hyundai wants to buy the entire company. Now, reports have come in that Jaguar-Land Rover may be buying Alfa Romeo and Maserati from FCA.

Tata, the owner of the two British luxury brands is seeking to buy high-end marques and it was reported that the mentioned Italian automakers are at the top of their list. At the same time, FCA is also considering making a spin-off company for Alfa Romeo and Maserati. The report also stated that key officials from the Tata Group have already offered financial support for a potential takeover but representatives from Jaguar-Land Rover declined to comment regarding the matter.

Should the deal push through, the Tata Group will now have four luxury divisions as part of their product portfolio. It will also be the first pair of brands the Indian conglomerate will buy following their acquisition of Jaguar and Land Rover nearly nine years ago. Tata bought Jaguar-Land Rover from Ford back in 2008 and has since brought the two to profitability. During the first half of 2017, Tata has amassed $6.1 billion in cash and equivalents.

Another possibility if the takeover comes to fruition is Maserati and Alfa Romeo might eventually get electric-powered vehicles. Given the direction of both Land Rover and Jaguar towards electrification, the Italian brands are likely to share these powertrains from the aforementioned brands. If so, it is possible that the world may see an all-electric Alfa Romeo and Maserati in the future.