Tata is new owner of Jaguar!!
26 March 2008, 07:11 PM
#31
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I dont believe you!! Source please?
Whenever I go outside Europe it is invariably Toyotas and Hondas EVERYWHERE! It is staggering the amount of vehicles they must shift! They are also king in the electronics business if my house is anything to go by!
Convince me (as I eye up a new Nikon
)D
26 March 2008, 09:53 PM
#33
27 March 2008, 08:20 PM
#36
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Because they generated nearly $30 billion in revenue last year! That's a serious company and gives you access to serious funds and banking resources. Tata is the largest private company in India and has been very smart with its investments in recent years.
Ford has never managed to do a thing with Jaguar - Tata maybe taking over at a good time. The new XF is a very good car (I've driven the diesel and V8 variants extensively), the XK is also a very decent car (in XKR form it's amazing). So it's not all doom and gloom. Tata knows that the 'British' angle of Jaguar is very important - to move production to India would cost a fortune in tooling and production line setup - I really can't see them doing that.
Perhaps it is time to give Tata a chance...
Ford has never managed to do a thing with Jaguar - Tata maybe taking over at a good time. The new XF is a very good car (I've driven the diesel and V8 variants extensively), the XK is also a very decent car (in XKR form it's amazing). So it's not all doom and gloom. Tata knows that the 'British' angle of Jaguar is very important - to move production to India would cost a fortune in tooling and production line setup - I really can't see them doing that.
Perhaps it is time to give Tata a chance...
27 March 2008, 08:23 PM
#37
From WikiP:
Acquisitions
1. Feb 2000 Tetley tea company, $407 million
2. March 2004 Daewoo Commercial Vehicle Company, $102 million
3. Aug 2004 NatSteel's steel business, $292 million
4. Nov 2004 Tyco Global Network, $130 million
5. July 2005 Teleglobe International Holdings, $239 million
6. Dec 2005 Millennium Steel, Thailand, $167 million
7. Dec 2005 Brunner Mond Group, $120 million
8. June 2006 Eight O'Clock Coffee, $220 million
9. Nov 2006 Ritz Carlton Boston, $170 million
10. Jan 2007 Corus Group, $11.3 billion
11. March 2007 Bumi Resources, $1.1 billion
12. April 2007 Campton Place Hotel, San Francisco, $60 million
13. February 2008 general chemical indusrial product ,usa $1 billion
14. March 2008 Jaguar Cars and Land Rover, $2 billion (total)
Acquisitions
1. Feb 2000 Tetley tea company, $407 million
2. March 2004 Daewoo Commercial Vehicle Company, $102 million
3. Aug 2004 NatSteel's steel business, $292 million
4. Nov 2004 Tyco Global Network, $130 million
5. July 2005 Teleglobe International Holdings, $239 million
6. Dec 2005 Millennium Steel, Thailand, $167 million
7. Dec 2005 Brunner Mond Group, $120 million
8. June 2006 Eight O'Clock Coffee, $220 million
9. Nov 2006 Ritz Carlton Boston, $170 million
10. Jan 2007 Corus Group, $11.3 billion
11. March 2007 Bumi Resources, $1.1 billion
12. April 2007 Campton Place Hotel, San Francisco, $60 million
13. February 2008 general chemical indusrial product ,usa $1 billion
14. March 2008 Jaguar Cars and Land Rover, $2 billion (total)
28 March 2008, 08:05 AM
#39
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How can Tata afford to buy Jaguar???
As suresh has pointed out its a HUGE company thats been around since about 1940 with $billions invested around the world and huge exports. Ever heard of Tata Consultancy? Thats quite a small company with no money aswell I suppose? The fact that you know nothing about them says quite a bit about you.
28 March 2008, 10:55 AM
#41
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Indian worker = £500 a Year.
Any move would pay for itself in no time.
Why would they state no job cuts untill 2011? 3 years to build new production plants in India and train staff.
I really hope production stays in Britain, but I fear it won't.
28 March 2008, 11:33 AM
#42
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28 March 2008, 11:34 AM
#43
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British worker = £500 a week
Indian worker = £500 a Year.
Any move would pay for itself in no time.
Why would they state no job cuts untill 2011? 3 years to build new production plants in India and train staff.
I really hope production stays in Britain, but I fear it won't.
Indian worker = £500 a Year.
Any move would pay for itself in no time.
Why would they state no job cuts untill 2011? 3 years to build new production plants in India and train staff.
I really hope production stays in Britain, but I fear it won't.
28 March 2008, 11:46 AM
#44
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I've also heard that Lakshmi Mittal and Mr Ambani have asked for a whip around because they can't pay the mortgage this month
Lakshmi Mittal - Wikipedia, the free encyclopedia
Mukesh Ambani - Wikipedia, the free encyclopedia
28 March 2008, 12:34 PM
#45
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I've also heard that Lakshmi Mittal and Mr Ambani have asked for a whip around because they can't pay the mortgage this month
Lakshmi Mittal - Wikipedia, the free encyclopedia
Mukesh Ambani - Wikipedia, the free encyclopedia
Lakshmi Mittal - Wikipedia, the free encyclopedia
Mukesh Ambani - Wikipedia, the free encyclopedia
D
28 March 2008, 12:41 PM
#46
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I'm all for bigging up the Indians - esp in the face of ignorant foreign assumptions. I do hope they help at home with all that massive personal wealth though as there can be intense poverty and suffering there. Is there a Mittal Eye Centre or an Ambani Malaria Centre maybe?
D
D
28 March 2008, 01:17 PM
#47
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Senior automotive industry analyst on BBC the other day, said he thought that if / when Jaguar and LandRover were bought by Tata it would eventually cause both companies to fail. He claimed that buyers would not purchase premium brand cars produced by an Indian Company. They would not spend large amounts of money and 'an Indian car'
We'll have to wait and see....
We'll have to wait and see....
28 March 2008, 01:51 PM
#48
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) but I'm with you mate! Achievement is achievment - and it's probably even tougher for them. D
28 March 2008, 02:00 PM
#49
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How can Tata afford to buy Jaguar??? As suresh has pointed out its a HUGE company thats been around since about 1940 with $billions invested around the world and huge exports. Ever heard of Tata Consultancy? Thats quite a small company with no money aswell I suppose?
The fact that you know nothing about them says quite a bit about you.
As suresh has pointed out its a HUGE company thats been around since about 1940 with $billions invested around the world and huge exports. Ever heard of Tata Consultancy? Thats quite a small company with no money aswell I suppose? The fact that you know nothing about them says quite a bit about you.
Didn't realise they did more than build cars.
28 March 2008, 02:02 PM
#50
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Senior automotive industry analyst on BBC the other day, said he thought that if / when Jaguar and LandRover were bought by Tata it would eventually cause both companies to fail. He claimed that buyers would not purchase premium brand cars produced by an Indian Company. They would not spend large amounts of money and 'an Indian car'
We'll have to wait and see....
We'll have to wait and see....
28 March 2008, 02:03 PM
#51
Senior automotive industry analyst on BBC the other day, said he thought that if / when Jaguar and LandRover were bought by Tata it would eventually cause both companies to fail. He claimed that buyers would not purchase premium brand cars produced by an Indian Company. They would not spend large amounts of money and 'an Indian car'
We'll have to wait and see....
We'll have to wait and see....
The American car giant reportedly paid 1.6Bn for Jaguar in 1989 and 1.85Bn for Land Rover in 2000. Jaguar never turned a profit for Ford. Selling both companies now for a third of the original purchase price isn´t what I would call ´making a success of it´
I expect the curry boys not to do any worse to be honest, especially as they are not now tied to source parts from an automotive dinosaur.
28 March 2008, 02:10 PM
#52
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28 March 2008, 02:28 PM
#53
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Don't underestimate Tata, they have the money the know how, and more importantly the will to do everything they want to. The end result in the short term will probably be better Jags...
Since Xmas i have spent nearly 6 weeks in Japan speaking with a number of different machine tool suppliers. probably 75% of them are either in the process of building, or have orders for, some massive machining lines for crankcases, cylinder heads, crankshafts etc from Tata. The money they are spending at the minute is more than any other automotive manufacturer in the world by a fair distance so they obviously mean business. These are not back street or Taiwan/China type manufacturers they are dealing with either, but blue chip top end companies. They are splashing out on the best kit avaliable.
Since Xmas i have spent nearly 6 weeks in Japan speaking with a number of different machine tool suppliers. probably 75% of them are either in the process of building, or have orders for, some massive machining lines for crankcases, cylinder heads, crankshafts etc from Tata. The money they are spending at the minute is more than any other automotive manufacturer in the world by a fair distance so they obviously mean business. These are not back street or Taiwan/China type manufacturers they are dealing with either, but blue chip top end companies. They are splashing out on the best kit avaliable.
28 March 2008, 03:35 PM
#54
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Senior automotive industry analyst on BBC the other day, said he thought that if / when Jaguar and LandRover were bought by Tata it would eventually cause both companies to fail. He claimed that buyers would not purchase premium brand cars produced by an Indian Company. They would not spend large amounts of money and 'an Indian car'
We'll have to wait and see....
We'll have to wait and see....
28 March 2008, 03:57 PM
#55
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Tata is massive and very successful.
Don't expect Jaguar or Land Rover production to stay in the UK for long.
What would you rather have - a £10k Jag or a £50k BMW or Merc? The Germans must be cacking themsleves.
Don't expect Jaguar or Land Rover production to stay in the UK for long.
What would you rather have - a £10k Jag or a £50k BMW or Merc? The Germans must be cacking themsleves.
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