Ford ready to sell Jaguar unit to Tata motors

[DS1]

Holy shit, talk about turn-around.

http://www.iht.com/articles/2007/12/17/business/ford.php


The luxury brand Jaguar is poised to join an Indian auto company that makes everything from tractor-trailers to the world's least expensive car.

Tata Motors is the front-runner in the race to buy Ford Motor's Jaguar, as well as Land Rover, and a decision about a winning bidder could be made over the next few days, people close to the negotiations said. A final signed deal, expected to be worth about $2 billion, will not be announced until early next year, they said.

About the same time that a final deal may be announced, Tata Motors plans to roll out its "People's Car," with a price tag of about $2,500.

The combination of high-end, specialized products and less expensive ones may seem like an unlikely business model, but Tata Group, the sprawling family-run conglomerate that owns Tata Motors, is full of similar contradictions.

The company's Taj Hotels command some of the highest rates in the world - one night in a luxury suite in the Taj Mahal Palace in Mumbai can cost 110,000 rupees, or $2,795. But the Tata Group is also building a chain of no-frills hotels around India, with rates as low as 1,499 rupees a night for a double room in some cities.

[flvegan]

1. Talk about bodacious Tata's potential.

[no name no slogan]

7. I was gonna say, we need more Tatas in this country

I for one welcome this development

[flvegan]

9. They have a "handful" of work ahead of them.

[no name no slogan]

10. heh. You said a mouthful

anything more would be wasted

:hide:

[redqueen]

2. Is Tata some huge megaconglomerate?

They're in IT, hotels, cars... :wtf:

[DS1]

3. Yes

Heavily into 'computer consulting', they billed a company I worked for at least 150 per programmer per hour, got nothing done.

With all that profit floating around, I'm not surprised to see them expand.

[AllegroRondo]

4. Their IT outsourcing is a nightmare

they charge $150/hour to the US company, the programmer gets paid $5.

and half the time, a US programmer has to re-write the code, because its unusable.

[DS1]

5. well,

they do have some nice class libraries I've nicked while doing exactly what you describe O8)

[AllegroRondo]

6. Im betting they 'borrowed' those from another client anyway

[Orsino]

11. Also known as TCS.

Their terrible reputation seems to be well-founded. Lots of promises, little communication, and no results.

[Deep13]

8. Tah, tah.

:hi: