Tata drives onto global stage |
| Reuters - Mar 26, 2008 |
Indian business baron Ratan Tata has proved detractors wrong before, and needs to do it again as he parks luxury car brands Jaguar and Land Rover in an auto empire that includes the world's cheapest car.
His Tata Motors, which was set up to make locomotives at the end of World War Two, on Wednesday agreed to buy Jaguar and Land Rover from Ford Motor in a $2.3 billion deal that catapults it on to a podium of elite automakers.
Ten years ago Tata Motors unveiled its first car, the indigenously made Indica hatchback, silencing critics who thought the bus and truck maker wouldn't pull it off.
Tata's business acumen was again questioned when he announced plans five years ago to build the world's cheapest car.
Read Full Article from Reuters
- Posted: 2008-03-26 09:14:34
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
