U.S. Jaguar car dealers are opposed to selling the premium Jaguar brand to an Indian company saying that it would screw the brand’s luxury image. Two Indian companies Tata and Mahindra have expressed interest in acquiring the Jaguar brand from Ford. Ken Gorin, Chairman of the Jaguar Business Operations Council, a group representing Jaguar car […]
India’s Tata Motors Ltd is said to be in the leading position to acquire Ford’s struggling Jaguar and Land Rover units. The folks at the Wall Street Journal say that besides Tata, firm bids were received from Ripplewood Holdings LLC of New York and One Equity Partners (a unit of JP Morgan Chase). The WSJ […]
Auto giant General Motors is struggling to sell its cars in the U.S. but is making steady headway in India. In the U.S., GM is shutting down more plants, cutting production, firing more employees, slashing wages for new workers and seeing lower car sales. In the third quarter, GM car sales fell 6.1% in North America. […]
Japanese car and pickup manufacturer Toyota is looking to sell 10.4 million vehicles in 2009 partly by significantly ramping up sales in India, China, Russia and Brazil. According to a story in Saturday’s Wall Street Journal, Toyota wants to quadruple sales in India to 200,000 vehicles by 2010. Toyota’s equally ambitious about the Chinese market, where […]
The FT is reporting that Indian auto company Mahindra & Mahindra is also interested in Ford’s Land Rover and Jaguar units. According to the FT piece, Mahindra is conducting due diligence on Land Rover and Jaguar. Tata Motors has already expressed its interest in the two Ford brands. See our earlier posting on Tata Eyeing […]
Indian business house Tata is interested in buying Jaguar and Land Rover, two disasters that struggling U.S. auto maker Ford is looking to jettison. Apparently, Tata Motors is looking to expand beyond India, which now accounts for the overwhelming majority of its sales. Hence its interest in Jaguar and Land Rover. Jaguar and Land Rover are […]