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Fiat to handle Jaguar, Land Rover financing in Europe
Automotive News Europe
July 30, 2008 06:01 CET
MILAN (Reuters) -- Italian carmaker Fiat has agreed to take on the management of auto financing in Europe for Jaguar and Land Rover, it said in a statement on Tuesday.
Fiat said its joint venture in financial services with French bank Credit Agricole would progressively take on all of Jaguar and Land Rover's financing activities and the move should be completed in June 2009.
Jaguar and Land Rover previously had such an agreement with Ford Motor.
Jaguar and Land Rover were bought by Tata Motors, India's top vehicle maker, this year for $2.3 billion.
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