The India foray of the two brands, which debuted in 1922 and 1948, respectively, has been hastened by their new Indian owner, Tata Motors, which took over in 2008 from Ford Motor Company of the US. The spokesperson said Tata Motors would be the distributor of these brands in India.
Software czar Bill Gates, legendary investor Warren Buffett and Apple's Steve Jobs, all known for their business acumen, have been named among the 20 best American CEOs of all time.
Following it negotiations with Ford Motors for the aquisition of Jaguar and Land Rover, Tata Motors has been put under credit watch.
This rating action follows the announcement by Ford Motor Company (Ford, which has a rating-B3/Stable) naming Tata Motors the preferred buyer for Ford's luxury Jaguar and Land Rover car brands.
Barely days before it launches the world's cheapest car, Tatas were on Wednesday named the preferred bidder for Ford's British luxury brands -- Jaguar and Land Rover.
Taking a cue from heavyweights such as BMW, Mercedes and Audi, Ford Motor Company-owned Volvo Car India may use the parents' India facility in Chennai to manufacture and assemble some of its products, reducing their prices substantially.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
In 2006, components worth $2 billion, around Rs 90,000 crore were exported by Indian companies, 75 percent of which were bought directly by car companies.
US carmaker Ford Motor Co, which aims to enter the Indian small car market by 2010, plans to make the country a regional hub for exports, both for the cars and engines.
The appliance maker seeks to buy Motorola's ailing cell-phone division to complement its telecom business; critics say it's not a good fit
The management of luxury carmaker Jaguar is 'entirely relaxed' about the prospects of Indian conglomerate Tata Group taking over the brand along with Land Rover. Earlier, this month, Ford had named Tata Motors, which is part of the Tata Group, as the preferred bidder for its British marquees -- Jaguar and Land Rover, but a final decision for the sale is yet to be taken.
If a new study is to be believed, female drivers will be safer in an accident than their male counterparts because of the fact that females have thicker skull than men.
Volvo India is in talks with Ford Motors India to start assembly operations in India.
Sunday Times says top European official in sight. The current chief executive is Geoff Polities, an Australian car industry veteran.
Will the Indian auto giant manage to take Jaguar and Land Rover off Ford's hands?
Tata Motors made waves when it bought the Jaguar and Land Rover brands. Test your knowledge about the erstwhile owner of these brands -- Henry Ford.
Tata Motors has succeeded in securing a $3bn banking facility for its purchase of Jaguar and Land Rover from Ford Motor, which should clear the way for the deal to close next week. Tata's ability to raise the money in spite of the turmoil on debt markets represents a vote of confidence in the Indian company and removes one of the last main obstacles to the deal.
Ford is expected to start production in two years, said Arvind Mathew, president and managing director, Ford India. The details of the small car, however, are yet to be finalised.
An acquisition by Tata AutoComp may cost $1.5-2 bn.
US auto giant Ford Motor Company has appointed Alan Mulally as president and chief executive offer.
As part of Ford Motor Company's crack research and development team, he helped the US car maker launch its popular hybrid car Excape.
India's corporate honchos spent a considerable time and energy this year at deal tables and executed over thousand transactions involving sale or purchase of equity stakes in their companies. On an average, every single day of 2007 saw about three deals being announced. This included a total of 1,047 merger and acquisitions as well as private equity deals for a total value of $68.32 billion (about Rs 2,75,000 crore).
People close to Indian carmakers Tata Motors and Mahindra & Mahindra, and the buy-out group One Equity Partners, said on Tuesday that they expected Ford to respond imminently to their revised offers made last week.
The discount offer comes on the back of Japanese giant Honda Siel Cars offering a substantial discount of Rs 800,000 on the Civic Hybrid. HSCI sold 235 Civic Hybrids, which carried a priced tag of Rs 14 lakhs (Rs 1.4 million) after the discount, in 10 days. The offer by Ford will run on the full range of variants of the car for a limited period of 10 days starting Wednesday.
Ford Motor Co on Wednesday said it expects the sale of its two European marques Jaguar and Land Rover, in which India's Tata Motors has evinced interest, to be through either by this year-end or early next year.
Though the Indian passenger car market has been a tough nut to crack, Ford Motor India is planning to launch its future products in the mid and high end car segment and will bring out a new Endeavour in early 2007
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
Alfred B Ford, senior trustee of Ford Motor Company Fund, said on Friday that he was talking to several strategic partners for setting up a Vedic Cosmological Project at Mayapur, West Bengal.
US automobile giant Ford Motor Company on Wednesday said it was seriously considering expanding production of its fuel-efficient hybrid car.
Ford Motor India on Wednesday said it would launch its new premium mid-sized sedan 'Fiesta' by November this year in the Indian market.
22 million vehicles recalled in 2013: US safety agency
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