Due to increased lending rates and slow markets, India’s Tata Motors wants to finalize its purchase of Ford’s luxury brands Jaguar and Land Rover by the end of March, it was reported Monday. The official announcement was expected at the beginning of the month, but market analysts are saying there is now more pressure on Tata to have the deal done by April so it can be on the maker’s books for the current fiscal year.
Last week, Tata said and was reported it plans to borrow anywhere from $3 to $4 billion to help in the purchase from Ford as well as build its Nano mini-car, the world’s least expensive. The buy is expected to cost about $2 billion, while the Nano is due to launch in the second half of 2008. Tata is looking to borrow the money from nine banks, according to Reuters.
Getting so heavily in debt is expected to hurt Tata’s stock ratings. “Taking on a big chunk of debt on their books won’t be good. And these brands have very poor cash flow,” said Rishi Sahay, director at IndusView Partners.
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03/18, 9:38 AM
posted by:
corvette
lets all buy stock in 1 month after it falls bellow $1 per share.
03/18, 10:41 AM
posted by:
E60M5
India is on the rise. I hope they want to improve Jaguar and are not buying it just to compete with the western world
03/18, 11:01 AM
posted by:
V2
RIP jaguar & land rover……….can’t say its been great…..but not to worry, all jaguar and land rover plants to be come 24 hr curry houses to cater for all the drunk poms who stagger home after getting pissed with the lads.
03/18, 11:18 AM
posted by:
SwerveEarly
Tata knows nothing about luxury cars and is making a mistake, they will shed these at a loss 2-3 years max. All that will be left is the tooling and ad rights. What a shame.
03/18, 11:32 AM
posted by:
Blakkarr
If you are finding any of the above and in other threads as aggravating as I do, post a comment to Admin. Click on the “Contact” button at the top of the page.
The more people show their disapproval the more they will respond. Someone has to put up these articles. Someone will read them.
None of this is funny or even remotely entertaining anymore. It’s getting downright gross and needs to stop entirely.
Contact and complain.
03/18, 11:34 AM
posted by:
buenos
All ready did Blakkar… and sent copies of the threads to the sites advertisers.
03/18, 11:47 AM
posted by:
buenos
Please continue… keep attacking. Should we now call you Sally Kerns? How long do you think advertisers will continue to support this site?
03/18, 11:49 AM
posted by:
DeansterTJ
Jesus, Farilight and LP, this is getting out of hand, even for me. I can’t say I’m not laughing, but this is out of control. Give it a rest, at least a little so we can read the other comments. Also please drop the Mixalot verses, it’s the same over and over.
03/18, 11:50 AM
posted by:
DeansterTJ
test
03/18, 11:53 AM
posted by:
DeansterTJ
Well that didn’t work. It was supposed to read: “LP IS GAY” but it ****ed up. Anyways, LP you’re gay
03/18, 11:57 AM
posted by:
V2
WTF??????????????
03/18, 11:58 AM
posted by:
trooper1
sign of the times, India is becoming an economic power house. With the encredible growth of China and India, there will be lots of new cars on the roads, which means even more pollution, and incredibly expensive gas. 5 years from now its predicted that filling up an SUV will cost between $150-200!! I think the domestic automakers are kicking themselves for having invested so heavily in SUV developments.
03/18, 12:00 PM
posted by:
DeansterTJ
****S ARE ****ING AMAZING ESPECIALLY THE WARM PINK (SOMETIMES WHITE IF ITS NOT A HOBO) MAN JUICE THAT COMES OUT OF EM
03/18, 12:01 PM
posted by:
E60M5
WTF is up with this site???
03/18, 12:52 PM
posted by:
Blakkar
your momma is up with this site Easy60****sSuckedM5. now bend ova and take my three and quarter inch **** like a man you sissy little bitch. daddys home!
03/18, 1:00 PM
posted by:
A4
LP, where you at baby? i just ran out of tranny fluoid. how are we gonna lubes each othas ass??!#@!@?#
03/18, 1:27 PM
posted by:
Blakkarr
****S ARE AMAZIN! PINK, GREEN, PEE IN MY ASS!!!!
03/18, 1:35 PM
posted by:
FairlightRacing
Hello impending bancruptcy!
03/18, 3:20 PM
posted by:
ottacontrol
Allright i am very surprised with this transaction due to the fact that tata does not know how to make luX vehicles. I am worried that they will come out with a budget jag and range rover. This is so dumb. I myslef plan on purchasing an new xf and i do it because of its quality, luxury and presence. Tata could kill the reputation of these companies can some respond to this please?
03/18, 3:28 PM
posted by:
EijiO1
E60M5,
This site is looking for a law suit or just go out of business. I can not believe that any responsible Admin would not have exercised some control over this non-sense already.
These jackasses are stealing our ID-handles to smear our good names here. This is starting to border directly on the criminal. Identity theft by these a-holes and gross negligence by the operators and owners of this website.
Ottacontrol,
Just don’t get involved here anymore this site is completely ****ed.
03/18, 8:44 PM
posted by:
autonut
Tata is sitting on the board of directors at Ferrari. I think being chauffeured in luxury he knows thing or two about luxury. He does not have expertise in manufacturing luxury automobiles, but that is were Jaguar and LR managers come in. And having cash infusion may help them to return to their past glory. Or well, that may not happen: how you expect to sell curry stinking Jag?
03/20, 6:50 PM
posted by:
bigp
dont buy them because it dosent make it to be any smart move.
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03/18, 9:38 AM
posted by:
corvette
lets all buy stock in 1 month after it falls bellow $1 per share.
03/18, 10:41 AM
posted by:
E60M5
India is on the rise. I hope they want to improve Jaguar and are not buying it just to compete with the western world
03/18, 11:01 AM
posted by:
V2
RIP jaguar & land rover……….can’t say its been great…..but not to worry, all jaguar and land rover plants to be come 24 hr curry houses to cater for all the drunk poms who stagger home after getting pissed with the lads.
03/18, 11:18 AM
posted by:
SwerveEarly
Tata knows nothing about luxury cars and is making a mistake, they will shed these at a loss 2-3 years max. All that will be left is the tooling and ad rights. What a shame.
03/18, 11:32 AM
posted by:
Blakkarr
If you are finding any of the above and in other threads as aggravating as I do, post a comment to Admin. Click on the “Contact” button at the top of the page.
The more people show their disapproval the more they will respond. Someone has to put up these articles. Someone will read them.
None of this is funny or even remotely entertaining anymore. It’s getting downright gross and needs to stop entirely.
Contact and complain.
03/18, 11:34 AM
posted by:
buenos
All ready did Blakkar… and sent copies of the threads to the sites advertisers.
03/18, 11:47 AM
posted by:
buenos
Please continue… keep attacking. Should we now call you Sally Kerns? How long do you think advertisers will continue to support this site?
03/18, 11:49 AM
posted by:
DeansterTJ
Jesus, Farilight and LP, this is getting out of hand, even for me. I can’t say I’m not laughing, but this is out of control. Give it a rest, at least a little so we can read the other comments. Also please drop the Mixalot verses, it’s the same over and over.
03/18, 11:50 AM
posted by:
DeansterTJ
03/18, 11:53 AM
posted by:
DeansterTJ
Well that didn’t work. It was supposed to read: “LP IS GAY” but it ****ed up. Anyways, LP you’re gay
03/18, 11:57 AM
posted by:
V2
WTF??????????????
03/18, 11:58 AM
posted by:
trooper1
sign of the times, India is becoming an economic power house. With the encredible growth of China and India, there will be lots of new cars on the roads, which means even more pollution, and incredibly expensive gas. 5 years from now its predicted that filling up an SUV will cost between $150-200!! I think the domestic automakers are kicking themselves for having invested so heavily in SUV developments.
03/18, 12:00 PM
posted by:
DeansterTJ
****S ARE ****ING AMAZING ESPECIALLY THE WARM PINK (SOMETIMES WHITE IF ITS NOT A HOBO) MAN JUICE THAT COMES OUT OF EM
03/18, 12:01 PM
posted by:
E60M5
WTF is up with this site???
03/18, 12:52 PM
posted by:
Blakkar
your momma is up with this site Easy60****sSuckedM5. now bend ova and take my three and quarter inch **** like a man you sissy little bitch. daddys home!
03/18, 1:00 PM
posted by:
A4
LP, where you at baby? i just ran out of tranny fluoid. how are we gonna lubes each othas ass??!#@!@?#
03/18, 1:27 PM
posted by:
Blakkarr
****S ARE AMAZIN! PINK, GREEN, PEE IN MY ASS!!!!
03/18, 1:35 PM
posted by:
FairlightRacing
Hello impending bancruptcy!
03/18, 3:20 PM
posted by:
ottacontrol
Allright i am very surprised with this transaction due to the fact that tata does not know how to make luX vehicles. I am worried that they will come out with a budget jag and range rover. This is so dumb. I myslef plan on purchasing an new xf and i do it because of its quality, luxury and presence. Tata could kill the reputation of these companies can some respond to this please?
03/18, 3:28 PM
posted by:
EijiO1
E60M5,
This site is looking for a law suit or just go out of business. I can not believe that any responsible Admin would not have exercised some control over this non-sense already.
These jackasses are stealing our ID-handles to smear our good names here. This is starting to border directly on the criminal. Identity theft by these a-holes and gross negligence by the operators and owners of this website.
Ottacontrol,
Just don’t get involved here anymore this site is completely ****ed.
03/18, 8:44 PM
posted by:
autonut
Tata is sitting on the board of directors at Ferrari. I think being chauffeured in luxury he knows thing or two about luxury. He does not have expertise in manufacturing luxury automobiles, but that is were Jaguar and LR managers come in. And having cash infusion may help them to return to their past glory. Or well, that may not happen: how you expect to sell curry stinking Jag?
03/20, 6:50 PM
posted by:
bigp
dont buy them because it dosent make it to be any smart move.