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Tata Motors Ltd., which spent $2.4 billion acquiring the Jaguar and Land Rover brands from Ford Motor Co. (NYSE:F) a year ago, just reported its first annual loss in at least seven years as the recession strangled sales in its luxury unit. Tata lost about 25 billion rupees ($520 million)...
Posted on June 26, 2009 12:30 PM
After a rocky road, Ford Motor Co. is selling Jaguar and Land Rover to Tata Motors Ltd. for $2.3 billion. Ford acquired Jaguar for $ 2.5 billion in 1989 and bought Land Rover from BMW AG in 2000 for $2.75 billion. Both brands were supposed to be a...
Posted on March 28, 2008 12:42 PM
All the focus has been on Ford Motor Co., its lagging sales at home and its restructuring plans. But what about the view from Tata Motors Ltd.? Despite the debt now weighing on Tata Motors stock, Tata managing director Ravi Kant believes in the long-term value of the $2.3 billion...
Posted on March 27, 2008 3:10 PM
On Jan. 3, Ford Motor Co. chose India's Tata Motors as the preferred bidder for its British luxury brands, Jaguar and Land Rover, and the two firms may announce a deal as early as Wednesday for over $2 billion, the WSJ reported. Ford is unloading the...
Posted on March 25, 2008 2:47 PM
In our last post on India, we told you of Finance Minister Palaniappam Chidambaram's budget, which led to a drop in ADRs, American Depository Receipts, of Indian companies, and about a meeting held in New York discussing said budget last week. That same week, the U.S.-India Business Council, or USIBC,...
Posted on March 5, 2008 3:04 PM
Nissan Motor Co. still wants a U.S. partner. CEO Carlos Ghosn says he thinks it would be a good idea for long-term growth but isn't in talks with anyone right now, according to this AP report. A good guess would be for Chrysler LLC. Earlier this year, Nissan and...
Posted on February 28, 2008 5:38 PM
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