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Comments
Well, thats what the chinese buyer of Rover Cars did.
China yes.
Dunno about OK.
and another
Still those stories are over a year old and I haven't heard anything sense.
Report: Tata Wins Jaguar, Land Rover (Business Week)
Huh. Well, good luck with that, Ford. How exactly they plan to move upscale with a brand whose cars they already consistently put $4k-$8k of trunk money into is beyond me.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
It is a pity that both the luxury marquees are grabbed by a business group which has a reputation of questionable ethics & business practices. These luxury brands does not fit the profile of a mass market & ultra cheap car manufacturer, The only possible reason for this acquisition is that TATA’s are desperately trying to move their Money out of the Indian Economy.
It is a pity that the unions trust TATA’s over the rest of the bidders. Incidentally this is the same company which grabbed the lands of poor farmers in Singur India, at prices far below the market value for setting the world’s first ultra cheap sub $2500 “Peoples Car” Plant. This plant was setup at the cost of the lively hood of thousands of farmers, several of whom had committed suicides. These suicides and protests by thousands farmers against TATA’s car plant happening in a so called 3’rd world country like India hardly make it to the International Media.
There is a class action law suit filed against TATA’s in US by their immigrant employees for cheating their TAX refunds (TATA’s had illegally taken away the tax refund checks given by IRS) and had denying them any benefits like paid leave or overtime. It would be just a matter of time before TATA’s show their true color to the 13,000 unionized workers of jaguar plants.
http://jaguarlandrover.blogspot.com