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spawnofsatan · 8th March 2008, 05:48

Here is an article from today's Times of India that should clear some stuff up.

Tata fancies stake in Ferrari
Set To Drive Home JLR, Reports Say Group Sets Sights On Italian Major
TIMES NEWS NETWORK

New Delhi: This could well be the one on the fast track for Ratan Tata. Close to acquiring British marquees Jaguar and Land Rover (JLR), the media reports in Europe have suggested that he may be interested in buying a stake in Ferrari—the legendary Italian sports car company. The company is part of Fiat, one of Tata’s JV partners in India.
Tata, who has been spearheading the diversified group’s charge in overseas markets, was quoted by an Italian publication that he is interested in buying a stake in Ferrari, one of the top names in the Formula One circuit. “I have two passions in my life: cars and aircraft,’’ he told the magazine. “I have always dreamed of being able to be a fighter pilot and I confirm the desire to participate in the shareholding of Ferrari,’’ he was quoted as saying.
When contacted, a Tata Motors spokesman said the reports were untrue and the chairman was misquoted. “Tata Group wishes to clarify that the statement has been misquoted and taken out of context. The report is completely untrue,’’ the spokesman said. In the interview, Tata said Ferrari president Luca di Montezemolo shared his vision and he had been invited by him to Italy. “Luca di Montezemolo has invited me to look around in Italy because his country offers a lot of opportunities in the design and luxury sectors,’’ Tata was quoted as saying by L’Espresso. Importantly, the Tata group chief added that “Montezemolo has made me curious. We have the same vision, we buy the same things.’’
Interestingly, Tata last month flagged off a 13,000-km tour of Ferrari in India that would feature the company’s ‘612 Scaglietti’ model traveling across 57 Indian cities.
Tata is also a board member on Fiat. The two firms already have a JV in India to make passenger cars, engines and transmissions for the Indian and overseas markets. The € 650 million JV will mae Fiat’s premium cars, Grande Punto and Linea, its 1.3 litre Multijet diesel engine, its 1.2 and 1.4 litre gasoline engine and matching transmissions apart from Tata’s next generation vehicles. Importantly, Tata will handle distribution and service network for Fiat branded cars in India while the Italian auto major is likely to do the same for Tata Motors in many overseas markets.
Tata’s interest in Ferrari comes just when Tata Motors is close to acquiring Jaguar and Land Rover brands from Fiat. The two companies, engaged in final negotiations, have said there were “no major roadblocks’’ to the deal. “... these are complex and detailed discussions.

SOURCE: Welcome

Its on page 21

8th March 2008, 05:48	#16 (permalink)
spawnofsatan BHPian Join Date: Oct 2004 Location: Los angeles/Mumbai Posts: 296	Here is an article from today's Times of India that should clear some stuff up. Tata fancies stake in Ferrari Set To Drive Home JLR, Reports Say Group Sets Sights On Italian Major TIMES NEWS NETWORK New Delhi: This could well be the one on the fast track for Ratan Tata. Close to acquiring British marquees Jaguar and Land Rover (JLR), the media reports in Europe have suggested that he may be interested in buying a stake in Ferrari—the legendary Italian sports car company. The company is part of Fiat, one of Tata’s JV partners in India. Tata, who has been spearheading the diversified group’s charge in overseas markets, was quoted by an Italian publication that he is interested in buying a stake in Ferrari, one of the top names in the Formula One circuit. “I have two passions in my life: cars and aircraft,’’ he told the magazine. “I have always dreamed of being able to be a fighter pilot and I confirm the desire to participate in the shareholding of Ferrari,’’ he was quoted as saying. When contacted, a Tata Motors spokesman said the reports were untrue and the chairman was misquoted. “Tata Group wishes to clarify that the statement has been misquoted and taken out of context. The report is completely untrue,’’ the spokesman said. In the interview, Tata said Ferrari president Luca di Montezemolo shared his vision and he had been invited by him to Italy. “Luca di Montezemolo has invited me to look around in Italy because his country offers a lot of opportunities in the design and luxury sectors,’’ Tata was quoted as saying by L’Espresso. Importantly, the Tata group chief added that “Montezemolo has made me curious. We have the same vision, we buy the same things.’’ Interestingly, Tata last month flagged off a 13,000-km tour of Ferrari in India that would feature the company’s ‘612 Scaglietti’ model traveling across 57 Indian cities. Tata is also a board member on Fiat. The two firms already have a JV in India to make passenger cars, engines and transmissions for the Indian and overseas markets. The € 650 million JV will mae Fiat’s premium cars, Grande Punto and Linea, its 1.3 litre Multijet diesel engine, its 1.2 and 1.4 litre gasoline engine and matching transmissions apart from Tata’s next generation vehicles. Importantly, Tata will handle distribution and service network for Fiat branded cars in India while the Italian auto major is likely to do the same for Tata Motors in many overseas markets. Tata’s interest in Ferrari comes just when Tata Motors is close to acquiring Jaguar and Land Rover brands from Fiat. The two companies, engaged in final negotiations, have said there were “no major roadblocks’’ to the deal. “... these are complex and detailed discussions. SOURCE: Welcome Its on page 21 __________________ Black 1992 Nissan 300zx Twin Turbo Pearl White 1992 Nissan 300zx Twin Turbo Last edited by spawnofsatan : 8th March 2008 at 05:49.