Ford Motor Co. named Tata Motors Ltd. the top bidder for its Jaguar and Land Rover brands Thursday and entered into “focused negotiations at a more detailed level,” meaning Tata was named preferred bidder for the storied British automakers.
Last month people close to the negotiations with Ford told that potential suitors had submitted bids for both companies that ranged from $1.5 billion to $2 billion. A Tata spokesman said the company had already “had positive discussions” with Ford.
Tata Steel made headlines in January when it acquired Anglo-Dutch steel maker Corus Group PLC for $12.1 billion by outbidding rivals. The deal, India’s biggest foreign acquisition, put Tata at the forefront of India’s global reach.
The U.K. government’s Business and Enterprise Department in a statement called the Tata announcement a welcome step toward.
You heard it guys… after outsourcing, now brand India is going to be a part of global brand. This globalization is a two way channel. Not only foreign brands will be in very street of India, many Indian companies will be present through out the world.
Source: Time, BBC
Earlier:
Defending Indianness in International Business
Tata Steel Wins Corus
Its going to be funny when they sell those in india. I am not sure if many have seen land rovers advertisements. They portray a bunch of countries whose opinion they think is important and expectedly india is not one of those….. Ah life takes funny turns, who thought india (thirld world country) would have the balls and the money to buy British companies. In another twenty years they will probably buy europe…….
Hmm ,sounds amazing to me.
Go India Go.No one can stop u.
Its time to rejoice once again, TATA, the name we can trust. In the past there were few problems with the Land Rover Cars and I hope Tata’s acquisition will now fill that gap.
I wish all the very best to all our Industrialists. Keep going…………..