Tata to close Jaguar, Land Rover deal by April

March18

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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.




 


22 Comments

  1. lets all buy stock in 1 month after it falls bellow $1 per share.

    Comment by corvette, posted on March18 at 9:38 am
  2. India is on the rise. I hope they want to improve Jaguar and are not buying it just to compete with the western world

    Comment by E60M5, posted on March18 at 10:41 am
  3. 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.

    Comment by V2, posted on March18 at 11:01 am
  4. 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.

    Comment by SwerveEarly, posted on March18 at 11:18 am
  5. 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.

    Comment by Blakkarr, posted on March18 at 11:32 am
  6. All ready did Blakkar… and sent copies of the threads to the sites advertisers.

    Comment by buenos, posted on March18 at 11:34 am
  7. Please continue… keep attacking. Should we now call you Sally Kerns? How long do you think advertisers will continue to support this site?

    Comment by buenos, posted on March18 at 11:47 am
  8. 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.

    Comment by DeansterTJ, posted on March18 at 11:49 am
  9. ;) test

    Comment by DeansterTJ, posted on March18 at 11:50 am
  10. Well that didn't work. It was supposed to read: "LP IS GAY" but it fucked up. Anyways, LP you're gay

    Comment by DeansterTJ, posted on March18 at 11:53 am
  11. WTF??????????????

    Comment by V2, posted on March18 at 11:57 am
  12. 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.

    Comment by trooper1, posted on March18 at 11:58 am
  13. COCKS ARE FUCKING AMAZING ESPECIALLY THE WARM PINK (SOMETIMES WHITE IF ITS NOT A HOBO) MAN JUICE THAT COMES OUT OF EM :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D :D

    Comment by DeansterTJ, posted on March18 at 12:00 pm
  14. WTF is up with this site???

    Comment by E60M5, posted on March18 at 12:01 pm
  15. your momma is up with this site Easy60CocksSuckedM5. now bend ova and take my three and quarter inch cock like a man you sissy little bitch. daddys home!

    Comment by Blakkar, posted on March18 at 12:52 pm
  16. LP, where you at baby? i just ran out of tranny fluoid. how are we gonna lubes each othas ass??!#@!@?#

    Comment by A4, posted on March18 at 1:00 pm
  17. COCKS ARE AMAZIN! PINK, GREEN, PEE IN MY ASS!!!!

    Comment by Blakkarr, posted on March18 at 1:27 pm
  18. Hello impending bancruptcy!

    Comment by FairlightRacing, posted on March18 at 1:35 pm
  19. 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?

    Comment by ottacontrol, posted on March18 at 3:20 pm
  20. 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 Fucked.

    Comment by EijiO1, posted on March18 at 3:28 pm
  21. 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?

    Comment by autonut, posted on March18 at 8:44 pm
  22. dont buy them because it dosent make it to be any smart move.

    Comment by bigp, posted on March20 at 6:50 pm

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