Tata motors a part of Tata group headed by Ratan Tata , is to invest millions of ready cash into JAGUAR ROVER which it acquired from GENERAL Motors last year.Due to financial meltdown the UK plant has run into problems.Tata group has asked for UK government intervention for a bailout.The cash injection might give UK government some time to debate this issue.
Business Secretary Lord Mandelson is doubtful that it can help though!However JAGUAR is a British ICON of the sort and is very popular among the elite class of cars.
Debasis Ray, head of corporate communications for Tata, refused to comment on this issue.This issue has been reported in Financial times.The union has been backing the Tata group.
Labour peer Lord Bhattacharyya had suggested ministers were discussing a £667m loan package for Jaguar but are still not sure.If the bailout doesn't go ahead for car industry, some 800,000 jobs might be axed.Ratan Tata is a sensible businessmen is much adored and discussed as a gentlemen among greedy businesspeople.He comes from the long line of Tata families who are the backbone of Indian industries.Last year only he unveiled the peoples car “Nano” in India.Recently his group hotel The TAJ TRIDENT and TAJ MAHAL HOTEL was attacked by Pakistani terrorists in Mumbai.People of India are demanding that Ratan Tata be given the highest post in Indian politics.Such is his popularity that even the young generation of India look up to him for inspiration.People in India are tired of corrupt and characterless politicians and are increasingly looking at people like Ratan Tata to bail out Indian Politics.
Business Secretary Lord Mandelson is doubtful that it can help though!However JAGUAR is a British ICON of the sort and is very popular among the elite class of cars.
Debasis Ray, head of corporate communications for Tata, refused to comment on this issue.This issue has been reported in Financial times.The union has been backing the Tata group.
Labour peer Lord Bhattacharyya had suggested ministers were discussing a £667m loan package for Jaguar but are still not sure.If the bailout doesn't go ahead for car industry, some 800,000 jobs might be axed.Ratan Tata is a sensible businessmen is much adored and discussed as a gentlemen among greedy businesspeople.He comes from the long line of Tata families who are the backbone of Indian industries.Last year only he unveiled the peoples car “Nano” in India.Recently his group hotel The TAJ TRIDENT and TAJ MAHAL HOTEL was attacked by Pakistani terrorists in Mumbai.People of India are demanding that Ratan Tata be given the highest post in Indian politics.Such is his popularity that even the young generation of India look up to him for inspiration.People in India are tired of corrupt and characterless politicians and are increasingly looking at people like Ratan Tata to bail out Indian Politics.
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1 comment:
I believe Jag/Rover was purchased from Ford, not GM.
BTW, just got a Breaking News alert GM is preparing for bankruptcy as early as next week.
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