Entries tagged "Tata"
India's Tata Motors Ltd. has reportedly agreed to inject "tens of millions of pounds" into luxury car maker Jaguar Land Rover, to prevent it filing for bankruptcy, while the British government is still considering taxpayer loan guarantees to keep it afloat. ...
The U.K. government is widely reported to be preparing a provisional rescue package for auto manufacturers, but it is very reluctant to commit to any industrywide offer, saying it would set tough conditions for helping individual companies, especially since every big-name manufacturer is now foreign owned....
Citigroup Inc. invested in India years ago to save money on domestic jobs in the U.S. Well, now Citi is ailing and,with a dire need for capital, the New York-based bank cannot afford to own those companies in India that offer back-office support. ...
With Land Rover already in its garage, could Tata Motors Ltd. have room for the Hummer too? If Indian press reports have it right, the answer is yes. ...
The name "Yugo" is more likely to elicit giggles than investment capital in the U.S. But the ongoing privatization of Serbian automaker Zastava, the current incarnation of the one-time Yugoslavian state automaker, shows that there is some value in a brand oft-scorned in the U.S. -- Time magazine once declared the Yugo one of the worst cars of all time. ...
After months of negotiations and several false reports that an announcement was imminent, India's Tata Motors Ltd. finally appears ready to announce a definitive agreement to buy the Land Rover and Jaguar brands from Ford Motor Co. Ford put the luxury brands on the block last summer in hopes of raising cash to fund a restructuring of its North American operations. The Dearborn, Mich.-based automaker named Tata as preferred bidder in January, but talks have bogged down in the months since over issues including pension funding and security for the brands' U.K.-based work force....
