India Tata Motors Buys Jaguar,Land Rover -TV
- Thread starter chonkoa
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NarutoRamen
Kraftwagen König
I thought this was debunked? Not sure if this is right.
chonkoa
Aerodynamic Artisan
I wasn't sure if it was old news or not. None of the parties will comment on it.
NarutoRamen
Kraftwagen König
Yeah, as far as I can see they're keeping their statements to no more than "no comment" But we'll see. I wonder what TATA will do if they do get those brands though.
Ford Says Tata Buying Jaguar, Land Rover Report Is Speculation
By Santanu Choudhury and Jeremy van Loon
July 26 (Bloomberg) -- Ford Motor Co., the second-biggest U.S. automaker, said a CNBC-TV18 television report that Tata Motors Ltd. will purchase the Jaguar and Land Rover brands is ``speculation.''
Ford has had a number of expressions of interest in Jaguar and Land Rover, said Daniel Ward, a spokesman based in London.
Tata Motors Managing Director Ravi Kant declined to comment when contacted on the telephone.
Shares of Tata Motors, India's biggest maker of trucks and buses, rose as much as 5 percent after CNBC-TV18 reported the Mumbai-based automaker had won the bidding for the two brands.
The television station later reported that Tata Motors is a frontrunner for the assets. Tata Motors shares rose 1.8 percent to 739 rupees at 3:01 p.m. on the Bombay Stock Exchange.
Ford paid $2.5 billion for Jaguar in 1989 and $2.73 billion for Land Rover in 2000. The U.S. automaker said on July 19 it had received offers, without naming the bidders.
Bloomberg.com: Asia
By Santanu Choudhury and Jeremy van Loon
July 26 (Bloomberg) -- Ford Motor Co., the second-biggest U.S. automaker, said a CNBC-TV18 television report that Tata Motors Ltd. will purchase the Jaguar and Land Rover brands is ``speculation.''
Ford has had a number of expressions of interest in Jaguar and Land Rover, said Daniel Ward, a spokesman based in London.
Tata Motors Managing Director Ravi Kant declined to comment when contacted on the telephone.
Shares of Tata Motors, India's biggest maker of trucks and buses, rose as much as 5 percent after CNBC-TV18 reported the Mumbai-based automaker had won the bidding for the two brands.
The television station later reported that Tata Motors is a frontrunner for the assets. Tata Motors shares rose 1.8 percent to 739 rupees at 3:01 p.m. on the Bombay Stock Exchange.
Ford paid $2.5 billion for Jaguar in 1989 and $2.73 billion for Land Rover in 2000. The U.S. automaker said on July 19 it had received offers, without naming the bidders.
Bloomberg.com: Asia
NarutoRamen
Kraftwagen König
^^That explains it. I was wondering that too because I'm sure there would be a huge media attack that an Indian company bought british brands from an american company. Not that I personally give a sh!t about contries but you all know how media likes to spin things.
PanterroR
Lap Time Luminary
Tata confirms interest in Jaguar and Land Rover
Posted on Friday 24 August 2007
The boss of Indian carmaker Tata Group, Ratan Tata, has confirmed his company is interested in acquiring the Jaguar and Land Rover labels from Ford. “We certainly have some interest in it,” he said during a television interview with CNBC TV18 but refused to give a further comment.
Earlier this week, Ford announced that it won’t reveal the final bidder for its Premier Auto Group labels until the end of the year at the earliest or possibly even early next year. Bidding alongside Tata is US buyout firms TPG and Ripplewood as well as several other private equity groups, Reuters reports.
During the interview, the Tata Chairman reaffirmed the carmaker’s plans to launch the world’s cheapest car in the first half of 2009. The new ultra-low cost car is expected to be priced under $2,500 and will meet all safety, emission and crash testing standards, according to Tata.
Source: Motor Authority » Tata confirms interest in Jaguar and Land Rover
Posted on Friday 24 August 2007
The boss of Indian carmaker Tata Group, Ratan Tata, has confirmed his company is interested in acquiring the Jaguar and Land Rover labels from Ford. “We certainly have some interest in it,” he said during a television interview with CNBC TV18 but refused to give a further comment.
Earlier this week, Ford announced that it won’t reveal the final bidder for its Premier Auto Group labels until the end of the year at the earliest or possibly even early next year. Bidding alongside Tata is US buyout firms TPG and Ripplewood as well as several other private equity groups, Reuters reports.
During the interview, the Tata Chairman reaffirmed the carmaker’s plans to launch the world’s cheapest car in the first half of 2009. The new ultra-low cost car is expected to be priced under $2,500 and will meet all safety, emission and crash testing standards, according to Tata.
Source: Motor Authority » Tata confirms interest in Jaguar and Land Rover
excellent ! TATA can gain a lot from this accquisition if it were to come through. When TATA came out with the Indica in India a few years back in was the only diesel hatch available in the market. In a few months it became one of the largest selling hatches in the country. Unfortunately, the saloon version hasn't done too well. TATA is also know for partnering with Daimler Benz to license lorry and truck making technology a few decades back.
Overall, Ratan TATA has always been interseted in the passenger car segment. This is another feather in the cap for him and the group.
Overall, Ratan TATA has always been interseted in the passenger car segment. This is another feather in the cap for him and the group.
Fiat may join Tata to buy Jaguar & Land Rover
Forbes Magazine is reporting that Fiat will join with Indian conglomerate Tata Group in making a bid for the Jaguar and Land Rover unit of Ford Motor Company.
By way of background, Tata has publicly expressed an interest in purchasing Jaguar/Land Rover, saying that it seeks to increase its “global reach.” Tata is an Indian conglomerate with interests in textiles, hotels, steel, consumer goods, automobile and truck manufacturing, and chemicals. It has been actively expanding outside the Indian market and last year bought Corus Steel in Britain, a deal that was the largest buy-out of a British company by a foreign company in Great Britain’s history.
But there is another Indian automaker also interested in Jaguar/Land Rover. Mahindra & Mahindra, part of the Mahindra Group, began by building Jeeps under license, expanded into trucks and farm tractors (it’s the worlds third largest tractor manufacturer), and is now the largest manufacturer of SUVs in India. It manufactures passenger cars in conjunction with Renault and is developing heavy trucks in a venture with International Truck, and has also become a presence in the automotive parts and components industry. The company exports into developing country markets, including Russian, Latin American and African markets. It also operates manufacturing operations in China.
There have been rumors for some time that the Tata bid might be part of a deal with Fiat. It has previously been reported that Fiat declined to bid on the Ford units by itself. Fiat’s CEO, Sergio Marchionne, earlier stated that his goal is the improvement of Fiat’s credit rating to investment grade and that he did not consider purchasing a money losing auto manufacturer as a step in that direction.
But Italian financial newspaper Finanza e Mercati is reporting that Fiat will get in on the action, through an arrangement under which Tat will make the bid and Fiat will later buy a minority stake in Jaguar and Land Rover. The paper also reported that Tata has set aside a reserve of $1.5 billion for its bid. Fiat officials declined to comment on the report, though they acknowledged that Fiat and Tata have several other joint ventures.
There are a number of interesting points to the report.
First, it is said that Mahindra & Mahindra is primarily interested in Land Rover and really doesn’t want Jaguar. Ford has no interest in selling the two brands separately. That means that Mahindra would have to take Jaguar to get Land Rover and then support and develop the Jaguar brand. It seems unlikely that it could sell off the unit separately. That may, ultimately, make the deal less interesting to the company. Also, it is believed that the Mahindra contribution is supported, in part, by private equity groups. Their ability to raise funds in the current market may be questionable.
Second, the $1.5 billion Tata is reported to have set aside for the purchase is exactly half of the $3 billion that Ford wants for Jaguar/Land Rover. It is not clear whether Fiat would be adding to that amount.
However, joining with Fiat in the Jaguar/Land Rover deal would give Tata a partner with knowledge and expertise in the Western European market which would be a compliment to Tata’s expertise in India and other developing country markets. It would also give Fiat access to two established brands that fit segments of the market that are not currently much occupied by the Fiat brand. Moreover, letting Tata take the lead in any deal for Jaguar and Land Rover would probably allow Fiat to avoid any negative effect on its credit rating from a purchase of the unit.
Tata has a history of getting what it wants. Increasingly, it is looking like the Tata Group is likely to end up owning Jaguar and Land Rover.
Fiat may join Tata to buy Jaguar & Land Rover
Forbes Magazine is reporting that Fiat will join with Indian conglomerate Tata Group in making a bid for the Jaguar and Land Rover unit of Ford Motor Company.
By way of background, Tata has publicly expressed an interest in purchasing Jaguar/Land Rover, saying that it seeks to increase its “global reach.” Tata is an Indian conglomerate with interests in textiles, hotels, steel, consumer goods, automobile and truck manufacturing, and chemicals. It has been actively expanding outside the Indian market and last year bought Corus Steel in Britain, a deal that was the largest buy-out of a British company by a foreign company in Great Britain’s history.
But there is another Indian automaker also interested in Jaguar/Land Rover. Mahindra & Mahindra, part of the Mahindra Group, began by building Jeeps under license, expanded into trucks and farm tractors (it’s the worlds third largest tractor manufacturer), and is now the largest manufacturer of SUVs in India. It manufactures passenger cars in conjunction with Renault and is developing heavy trucks in a venture with International Truck, and has also become a presence in the automotive parts and components industry. The company exports into developing country markets, including Russian, Latin American and African markets. It also operates manufacturing operations in China.
There have been rumors for some time that the Tata bid might be part of a deal with Fiat. It has previously been reported that Fiat declined to bid on the Ford units by itself. Fiat’s CEO, Sergio Marchionne, earlier stated that his goal is the improvement of Fiat’s credit rating to investment grade and that he did not consider purchasing a money losing auto manufacturer as a step in that direction.
But Italian financial newspaper Finanza e Mercati is reporting that Fiat will get in on the action, through an arrangement under which Tat will make the bid and Fiat will later buy a minority stake in Jaguar and Land Rover. The paper also reported that Tata has set aside a reserve of $1.5 billion for its bid. Fiat officials declined to comment on the report, though they acknowledged that Fiat and Tata have several other joint ventures.
There are a number of interesting points to the report.
First, it is said that Mahindra & Mahindra is primarily interested in Land Rover and really doesn’t want Jaguar. Ford has no interest in selling the two brands separately. That means that Mahindra would have to take Jaguar to get Land Rover and then support and develop the Jaguar brand. It seems unlikely that it could sell off the unit separately. That may, ultimately, make the deal less interesting to the company. Also, it is believed that the Mahindra contribution is supported, in part, by private equity groups. Their ability to raise funds in the current market may be questionable.
Second, the $1.5 billion Tata is reported to have set aside for the purchase is exactly half of the $3 billion that Ford wants for Jaguar/Land Rover. It is not clear whether Fiat would be adding to that amount.
However, joining with Fiat in the Jaguar/Land Rover deal would give Tata a partner with knowledge and expertise in the Western European market which would be a compliment to Tata’s expertise in India and other developing country markets. It would also give Fiat access to two established brands that fit segments of the market that are not currently much occupied by the Fiat brand. Moreover, letting Tata take the lead in any deal for Jaguar and Land Rover would probably allow Fiat to avoid any negative effect on its credit rating from a purchase of the unit.
Tata has a history of getting what it wants. Increasingly, it is looking like the Tata Group is likely to end up owning Jaguar and Land Rover.
Fiat may join Tata to buy Jaguar & Land Rover
JLBM
Oversteer Expert
I'm sorry, but if Tata owns Jaguar I will never own a Jaguar. I could care less if it's just a silent ownership with the plants and staff unchanged. The company will never be perceived as a pure luxury focussed organisation if that is the case. Better buy an XF while you can..
PanterroR
Lap Time Luminary
Fiat to partner with Tata in Jaguar & Land Rover bid?
Posted on Wednesday 12 September 2007
Update 2: A Fiat official has now confirmed they will be working with Tata to provide “technical support” to their bid. Jaguar owned by the Indians and Italians. Who’d have thought?
Update: Fiat has released a statement denying any involvement in buying Jaguar and/or Land Rover. However, this is still a very fluid situation so watch this space.
When news first leaked about Ford possibly selling its Jaguar and Land Rover labels, Italy’s Fiat was one of the first carmakers rumored to be a potential bidder. Those few reports suggested Fiat was interested in Jaguar because of its large RWD platforms and the interest in Land Rover stemmed from Fiat’s aim to launch new SUV products.
Since then, most reports have suggested the primary bidders consist of Indian manufacturers Tata and Mahindra, as well as several major private equity firms. According to AFX, Fiat now wants to partner with Tata in its bid for the Jaguar and Land Rover labels and could potentially pay up to $1.5 billion for the privilege. The source claims that Fiat is only interested in acquiring a minority stake.
Fiat and Tata are already in bed together surrounding a deal to produce Fiat-branded cars in India. Tata is also keen to penetrate the European market and is likely to source a range of frugal engines from Fiat in preparation for its scheduled launch into the UK later this year.
Posted on Wednesday 12 September 2007
Update 2: A Fiat official has now confirmed they will be working with Tata to provide “technical support” to their bid. Jaguar owned by the Indians and Italians. Who’d have thought?
Update: Fiat has released a statement denying any involvement in buying Jaguar and/or Land Rover. However, this is still a very fluid situation so watch this space.
When news first leaked about Ford possibly selling its Jaguar and Land Rover labels, Italy’s Fiat was one of the first carmakers rumored to be a potential bidder. Those few reports suggested Fiat was interested in Jaguar because of its large RWD platforms and the interest in Land Rover stemmed from Fiat’s aim to launch new SUV products.
Since then, most reports have suggested the primary bidders consist of Indian manufacturers Tata and Mahindra, as well as several major private equity firms. According to AFX, Fiat now wants to partner with Tata in its bid for the Jaguar and Land Rover labels and could potentially pay up to $1.5 billion for the privilege. The source claims that Fiat is only interested in acquiring a minority stake.
Fiat and Tata are already in bed together surrounding a deal to produce Fiat-branded cars in India. Tata is also keen to penetrate the European market and is likely to source a range of frugal engines from Fiat in preparation for its scheduled launch into the UK later this year.
4
450SEL6.9
From the first page on the thread: Ford paid $2.5 billion for Jaguar in 1989 and $2.73 billion for Land Rover in 2000.
They are likely to get $1.5 billion from selling the two brands, not to mention the losses they have likely run up over the years. That $2.5 billion they paid for Jag in '89 could have bought them a huge stake in any British company . . . and they chose to buy Jaguar.
There are still auto industry analysts who insist that bigger is better! Bigger is the only way to go in the auto sector, according to many! I have read so many times that marques like Mercedes and BMW cannot remain independent and are too small to survive.
They are likely to get $1.5 billion from selling the two brands, not to mention the losses they have likely run up over the years. That $2.5 billion they paid for Jag in '89 could have bought them a huge stake in any British company . . . and they chose to buy Jaguar.
There are still auto industry analysts who insist that bigger is better! Bigger is the only way to go in the auto sector, according to many! I have read so many times that marques like Mercedes and BMW cannot remain independent and are too small to survive.
bmer
Tire Trailblazer
Or the other way around: What would Jaguar and Land Rover get from TATA and Fiat ownership? Not much, I'd say. Hopefully Ford sells Jag and LR to the private equity firms who have more interest in developing these two car makers instead of just sucking their know-how to boost own products.
Experts say Tata’s bid for Jaguar and Land Rover a mistake
Last month, India’s Tata Motors announced it is looking to move into the high-end global auto industry with a bid to purchase Jaguar and Land Rover. Ford Motor Company, the current owner of the luxury marques, has put the companies up for auction to help ease its financial troubles. Now, industry experts are beginning to question the wisdom behind such a deal.
A member of the Tata Group, India’s largest conglomerate - making everything from steel to tea - Tata Motors current product lineup is built upon a backbone of work trucks and affordable, mass-market cars. Purchasing Jaguar and Land Rover would not only give the auto maker entry into myriad global markets. Acquiring the legendary British marques so soon after establishing independence from the UK would be a huge boost to Indian national pride.
Home market sales account for 90% of Tata’s revenue at present. Tata has mastered volume sales, and is currently developing what is being billed as the world’s least expensive minicar, due in 2008. However, the maker is seeking to move into other markets where such inexpensive cars offer not only comparatively poor performance and cheap interior materials, but may not be able to pass stringent safety tests. An infusion of ready-made platforms, technology, and experience from Jaguar and Land Rover may be just what the Indian giant needs to break into global auto sales.
On the other hand, the lack of corporate and brand synergies between Tata and its intended acquisitions is so great that industry analysts are calling the purchase a mistake. Indian auto parts makers do not have the technical capability necessary to support production of luxury automobiles, meaning Tata could not likely benefit from lower wages and materials costs by producing the cars in India. Importing parts for production would drive costs up, and outsourcing production would be even more expensive. It seems that if the deal does go through, it will be more on the basis of passion than prudence.
Last month, India’s Tata Motors announced it is looking to move into the high-end global auto industry with a bid to purchase Jaguar and Land Rover. Ford Motor Company, the current owner of the luxury marques, has put the companies up for auction to help ease its financial troubles. Now, industry experts are beginning to question the wisdom behind such a deal.
A member of the Tata Group, India’s largest conglomerate - making everything from steel to tea - Tata Motors current product lineup is built upon a backbone of work trucks and affordable, mass-market cars. Purchasing Jaguar and Land Rover would not only give the auto maker entry into myriad global markets. Acquiring the legendary British marques so soon after establishing independence from the UK would be a huge boost to Indian national pride.
Home market sales account for 90% of Tata’s revenue at present. Tata has mastered volume sales, and is currently developing what is being billed as the world’s least expensive minicar, due in 2008. However, the maker is seeking to move into other markets where such inexpensive cars offer not only comparatively poor performance and cheap interior materials, but may not be able to pass stringent safety tests. An infusion of ready-made platforms, technology, and experience from Jaguar and Land Rover may be just what the Indian giant needs to break into global auto sales.
On the other hand, the lack of corporate and brand synergies between Tata and its intended acquisitions is so great that industry analysts are calling the purchase a mistake. Indian auto parts makers do not have the technical capability necessary to support production of luxury automobiles, meaning Tata could not likely benefit from lower wages and materials costs by producing the cars in India. Importing parts for production would drive costs up, and outsourcing production would be even more expensive. It seems that if the deal does go through, it will be more on the basis of passion than prudence.
YoUhimhER
Autobahn Adventurer
i totally agree, there is no synergy in this tata, rr and jaguar combination, this is more of a national pride issue than a strategic move.
and like it or not, tata's ownership will dampen jaguar's brand image further in most people's eyes.
Private equity firms don't develop companies. They buy and sell to maximize potential cash flows. Similar to Chrysler, these firms will hold on to their stocks, downsize the company and wait for the right bidder to come along and sell. Right now, the only reason private equity firms are interested in such companies is becasue of the brand equity. The TATA / FIAT combo would work wonders for Jag and LR, at least infuse new leadership from an otherwise stagnant brand which did nothing under FORD ownership than canibalize their names as second class Mondeos..
bmer
Tire Trailblazer
They do develop companies to later sell them for the best price possible.
The TATA/FIAT deal would most likely mean the end for these two legendary British car makers. If you have to choose between two bad options, you go for the less worse. That's why I hope private equity firm(s) get the deal. The ideal situation of course would be that a financially sound car manufacturer would make a bid.Similar threads
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