"What Tata, an Indian conglomerate, will do with two luxury-car brandsDEPENDING on which way you look at it, in acquiring Jaguar and Land Rover from Ford for $2.3 billion, a deal finalised on Wednesday March 26th, Tata Motors has either got itself two of the most famous brands in the car business at a bargain-basement price?or a sea of troubles. Back home in India, there is both pride in Tata?s global ambition and a fair dose of scepticism. Tata Group, the parent of Tata Motors, may be India?s biggest industrial conglomerate but there are concerns that this time it may have bitten off more than it can chew. When the deal was first mooted, S. Ramnath of SSK Securities, a Mumbai stockbroker, feared that passion rather than logic was in the driving seat. Balaji Jayaraman of Morgan Stanley added that buying Jaguar and Land Rover (JLR) was clearly ?value-destructive given the lack of synergies and the high-cost operations involved?. ..." (2008-3-26)
March 26, 2008
A used-car bargain?
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