Tata Motors fancying Jaguar, Land Rover?

directinjection · 25th March 2008, 20:23

Quote:

Originally Posted by Sahil

ITS A DONE DEAL !
Hats off to Tata ... deal closes at $2.6billion.

$2.6 billion

That's way above the figures discussed till now.
The lot more synergistic acquisition of Daewoo Commercial Motors had cost Tata just $110 million! I just hope they know what they're doing.

Bimster · 26th March 2008, 09:04

^No $2billion is the latest number and Ford will contribute $400m to the pension fund.Camparing JLR to Daewoo truck company is nt quire fair synergistic or not.it will take a lot of money to run it and improve it but LR still made a decent profit last year.Congrats Tata and fellow Indians-reverse colonialism is in action!

SohailPistawala · 26th March 2008, 11:26

Hey guys there is more news... check the link out below

Tata Motors faces rising costs for Ford brands- Automobiles-Auto-News By Industry-News-The Economic Times

safari_lover · 26th March 2008, 11:35

And here is what Tata will inherit.

Link: The Cat`s finally in the bag=

Once again Congratulations to Tata and India!

Blue_V · 26th March 2008, 12:23

now what will tata do with Jag?

-GS- · 26th March 2008, 15:29

The deal has been endorsed by trade unions, which secured a commitment from Tata to continue with JLR's production plans until the end of 2011. This includes development of new models.

Tata at wheel of Jaguar after £1bn-plus deal - Telegraph

Pal-leo · 26th March 2008, 15:46

Woow What an achievement.. Hats off to TATA.. was closely following it with a friend of mine who works for Land Rover.. What a deal..

directinjection · 26th March 2008, 15:58

Quote:

Originally Posted by Bimster

Camparing JLR to Daewoo truck company is nt quire fair synergistic or not.it will take a lot of money to run it and improve it but LR still made a decent profit last year.

Daewoo Commercial Vehicle Co. has indeed been making profits since the takeover by Tata. Check this: The Hindu Business Line : Tata Daewoo going strong; lines up growth plans

The cost of acquring Daewoo CV Co. was about 1/20th the cost of acquiring JLR. Also, there were no binding long term contractual obligations of the type involved in JLR acquisition. Daewoo acquisition helped TM bridge a significant gap in its product line-up - genuine HCVs. The JLR deal will also be bridging such gaps but at a much much higher cost.

Swaroop77 · 26th March 2008, 16:58

Hmm, so now TATA will have the world's cheapest car Nano and a luxury Jag sitting side by side in their showrooms? They are really taking the concept of a car for everyone to an extreme!

vabs78 · 26th March 2008, 17:36

This is a proud moment. All this after just 60yrs of indipendence. Well done TATA, we are proud of you!

Krishna_Pondy · 26th March 2008, 18:37

Ford has finally confirmed the sale of Jaguar and Land Rover to Tata for $2.3 billion at a statement released at 8:00 AM EST today.

Ford has agreed to infuse $600 million into Jaguar and Land Rover pension funds after the deal closes around end of June. The deal however remains subject to various regulatory approvals.

Ford will not retain any ownership stake and as part of the transaction, Ford will continue to supply powertrains, stampings and other vehicle components along with a variety of technologies for different periods of time.

According to the unions,the sale will include a commitment by Tata to continue buying engines from Ford.

I am now proud that an Indian automobile company owns 2 of the worlds most premium and legendary brands......time for celebration

BaCkSeAtDrIVeR · 26th March 2008, 18:37

Tata, Congrats!!!

Unlike their other collaborators, you have learnt a lot from Daimler / Merc during your association with them. Unlike most other Indian corporates, you people had the foresight to start R&D and inhouse testing capabilities. Please do keep up the good work.

Nitin · 26th March 2008, 20:08

Quite a milestone in Indian history. Thats going to be one fine feather in the hat of Ratan Tata.
Lets see how things work out for TATA now. An entry into the global market with their name tag could mean some serious popularity & roaring sales.

msandeep · 27th March 2008, 10:57

Well doneTATA you have made India proud with pride

jkdas · 27th March 2008, 11:09

http://www.team-bhp.com/forum/indian...over-deal.html

26th March 2008, 09:04	#302
Bimster BHPian Join Date: Dec 2007 Location: Houston Posts: 112 Thanked: 4 Times	^No $2billion is the latest number and Ford will contribute $400m to the pension fund.Camparing JLR to Daewoo truck company is nt quire fair synergistic or not.it will take a lot of money to run it and improve it but LR still made a decent profit last year.Congrats Tata and fellow Indians-reverse colonialism is in action!
	() Thanks

26th March 2008, 11:26	#303
SohailPistawala BHPian Join Date: Nov 2006 Location: Mumbai Posts: 434 Thanked: 25 Times	Hey guys there is more news... check the link out below Tata Motors faces rising costs for Ford brands- Automobiles-Auto-News By Industry-News-The Economic Times
	() Thanks

26th March 2008, 11:35	#304
safari_lover Senior - BHPian Join Date: Feb 2007 Location: Bengaluru / Bagdal Posts: 1,135 Thanked: 685 Times	And here is what Tata will inherit. Link: The Cat`s finally in the bag= Once again Congratulations to Tata and India! Last edited by safari_lover : 26th March 2008 at 11:36.
	() Thanks

26th March 2008, 12:23	#305
Blue_V BHPian Join Date: Nov 2007 Location: Bangalore Posts: 173 Thanked: 67 Times	now what will tata do with Jag?
	() Thanks

26th March 2008, 15:29	#306
-GS- BHPian Join Date: Feb 2007 Location: Delhi Posts: 390 Thanked: 18 Times	The deal has been endorsed by trade unions, which secured a commitment from Tata to continue with JLR's production plans until the end of 2011. This includes development of new models. Tata at wheel of Jaguar after £1bn-plus deal - Telegraph Attached Thumbnails
	() Thanks

26th March 2008, 15:46	#307
Pal-leo BHPian Join Date: Jul 2006 Location: Bangalore Posts: 80 Thanked: 0 Times	Woow What an achievement.. Hats off to TATA.. was closely following it with a friend of mine who works for Land Rover.. What a deal..
	() Thanks

26th March 2008, 16:58	#309
Swaroop77 BHPian Join Date: Jan 2008 Location: Bhubaneswar Posts: 35 Thanked: 8 Times	Hmm, so now TATA will have the world's cheapest car Nano and a luxury Jag sitting side by side in their showrooms? They are really taking the concept of a car for everyone to an extreme!
	() Thanks

26th March 2008, 17:36	#310
vabs78 BHPian Join Date: Mar 2007 Location: Pune, India Posts: 552 Thanked: 11 Times View My Garage	This is a proud moment. All this after just 60yrs of indipendence. Well done TATA, we are proud of you!
	() Thanks

26th March 2008, 18:37	#311
Krishna_Pondy Newbie Join Date: Nov 2007 Location: Chennai / Pondicherry Posts: 8 Thanked: 2 Times	FORD OFFICIALLY HAS CONFIRMED SALE OF JLR TO TATA FOR $2.3b Ford has finally confirmed the sale of Jaguar and Land Rover to Tata for $2.3 billion at a statement released at 8:00 AM EST today. Ford has agreed to infuse $600 million into Jaguar and Land Rover pension funds after the deal closes around end of June. The deal however remains subject to various regulatory approvals. Ford will not retain any ownership stake and as part of the transaction, Ford will continue to supply powertrains, stampings and other vehicle components along with a variety of technologies for different periods of time. According to the unions,the sale will include a commitment by Tata to continue buying engines from Ford. I am now proud that an Indian automobile company owns 2 of the worlds most premium and legendary brands......time for celebration
	() Thanks

26th March 2008, 18:37	#312
BaCkSeAtDrIVeR BANNED Join Date: Jun 2007 Location: Kochi Posts: 2,522 Thanked: 752 Times	Tata, Congrats!!! Unlike their other collaborators, you have learnt a lot from Daimler / Merc during your association with them. Unlike most other Indian corporates, you people had the foresight to start R&D and inhouse testing capabilities. Please do keep up the good work.
	() Thanks

26th March 2008, 20:08	#313
Nitin Senior - BHPian Join Date: May 2006 Location: Houston, Texas Posts: 3,294 Thanked: 20 Times View My Garage	Quite a milestone in Indian history. Thats going to be one fine feather in the hat of Ratan Tata. Lets see how things work out for TATA now. An entry into the global market with their name tag could mean some serious popularity & roaring sales.
	() Thanks

27th March 2008, 10:57	#314
msandeep Newbie Join Date: Dec 2005 Location: Bangalore Posts: 13 Thanked: 0 Times	Well doneTATA you have made India proud with pride
	() Thanks

27th March 2008, 11:09	#315
jkdas Senior - BHPian Join Date: Sep 2005 Location: Thiruvananthapu Posts: 9,687 Thanked: 1,492 Times View My Garage	http://www.team-bhp.com/forum/indian...over-deal.html
	() Thanks