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|19th February 2010, 18:08||#16|
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|19th February 2010, 23:37||#17|
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Last edited by teamveevee : 19th February 2010 at 23:42.
|20th February 2010, 00:12||#18|
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I hope "Carl bhai" revives the Aria/open roadster/coupe concept and brings one into production. TATA Motors must have a flashy roadster if it plans to make inroads in major markets and even in growing but discerning markets such as South Africa and Brazil too.
|20th February 2010, 03:53||#19|
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Ravi Kant has been made the non-executive Vice-Chairman of Tata Motors and Carl Foster reports to him and the board.
I always thought Rajiv Dubey was the no.2 and would succeed Ravi Kant.
Anyways an expatriate is good as TM absolutely needed knowledge of Best Practices across segments and geographies and this is where "Carl - Bhai" will be helpful
|20th February 2010, 06:46||#20|
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Mr.Foster was the rebel within GM. He strongly campaigned for GMs European operations especially Vauxhall/Opel to be independent of the US parents interference. The European operations have severely suffered under the parenthood of GM America wherein they had to live with a stepmother'ly attitude, poor investment, forced sharing of sub standard American platforms, and the final straw came when chevrolet badged Daewoos (which even after a decade has negligible sales in Europe) were shoved down their throats rather than concentrate on Vauxhall/Opel.
He led the campaign for the Magna/Sberbank constrium to buy Opel. This would have been a masterstroke had he succeeded, one the operations would be free of a debt ridden parent, a la GM, secondly they would have ready access to global production facilities of Magna (worlds largest sub-contract car maker) rather than rely on European production alone, and the financial muscle of Russian banking powerhouse Sberbank. But GM somehow stayed onto Opel and Foster had no option but to resign.
The biggest advantage I think Tata will have from this veteran is his links with Magna and Sberbank, giving them instant access to a Global manufacturing base and financial muscle.
|20th February 2010, 07:48||#21|
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Seems to me like Mr. Forster was brought in primarily to establish the global footprint of TML. With Nano revolution ready to spread beyond india in a few months and the intention of TATA to market Aria MUV in european markets, it is time for TML to have a global view and this seems like a step in the right direction.
Good luck TATA.
|21st February 2010, 11:53||#22|
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I felt This is the best place to ask this question about TATA motors finacial stability after their JLR aquisition causing pressures for TML.
One of my friend is contemplating to invest sizeable amonunt around 25L in TATA motors Fixed deposit scheme for 3 years tenure. Is it a good decision to go ahead with TML offered FD scheme?
My friend lost money with Citibank/Zurich managed funds.
Investing 25L in TML pose Any serious risks?
In year 2010 with the positive turn around in Indian economy, how much risk JLR aqusition posing for TML?
Expert advise will be highly appreciated.
|31st March 2010, 11:35||#23|
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Carl Forster appointed MD of Tata Motors. From the official Press Release
Last edited by Dippy : 31st March 2010 at 11:36.
|31st March 2010, 13:28||#24|
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Whats clear from all this is that TATA motors wants to be a global company - and it wants the sheen at the top to take it there.
Clearly they beleive that they can emulate Hyundai to become a global player - the difference being that they think the EU is a more relevant market than the US for them.
I just feel sorry for the guy who led JLR through the financial crisis - hope he was resettled well (with a good severance package)
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