This is almost certainly untrue. Yes, Tata is considering buying and Yes Ford is considering selling. The whole thing has just started and will take a while. The TV news channel doesn't know what it's talking about (is it a surprise?)
It is not good news. Tata should have spent its good money on the peoples car. The US big 3 are in big trouble. They live in 1950's world with generous pension and health care benefits to workers. The state of Detroit auto industry is as good (as bad as) Nehru's socialist India or USSR. Ford has asked at the time of selling that buyer cannot lay off workers at UK. What is Tata going to achieve?
I am not sure this is a “good” deal. Reason being that Jaguar does not have same value as a Merc or Beamer or a Lexus. It is prone to frequent breakdowns and its share of the luxury car market is negligent compared to other three. I am not sure about Land Rover though.
But Tatas would have worked out their homework before making this offer or may be they are making a gamble. We have to wait and see how the deal works out. A judgment on the success or failure of the deal, if it goes thru, can be made only after some time, say 3-5 years after the take over.
4 comments:
This is almost certainly untrue. Yes, Tata is considering buying and Yes Ford is considering selling. The whole thing has just started and will take a while. The TV news channel doesn't know what it's talking about (is it a surprise?)
P
It is not good news. Tata should have spent its good money on the peoples car.
The US big 3 are in big trouble. They live in 1950's world with generous pension and health care benefits to workers. The state of Detroit auto industry is as good (as bad as) Nehru's socialist India or USSR. Ford has asked at the time of selling that buyer cannot lay off workers at UK. What is Tata going to achieve?
I am not sure this is a “good” deal. Reason being that Jaguar does not have same value as a Merc or Beamer or a Lexus. It is prone to frequent breakdowns and its share of the luxury car market is negligent compared to other three. I am not sure about Land Rover though.
But Tatas would have worked out their homework before making this offer or may be they are making a gamble. We have to wait and see how the deal works out. A judgment on the success or failure of the deal, if it goes thru, can be made only after some time, say 3-5 years after the take over.
As per comment 1, this news is untrue
http://www.forbes.com/markets/2007/07/24/ford-tata-mahindra-markets-equity-cx_0724markets33.html
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