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Jaguar/Land Rover Finally Land In India While Posting Huge Losses

Posted in 4x4, auto industry, Expensive Cars, Ford, General, Jaguar, Land Rover, Luxury Cars, Newsworthy, Range Rover, SUV, Tata by Geoff | July 9th, 2009 | 7 Responses |
Tata Execs Force Smiles Amid Financial Downturn

Tata Execs Force Smiles Amid Financial Downturn

Give Ford credit, their timing in unloading Jaguar and Land Rover could not have been better. Despite dwindling sales and the dark looming clouds of factories being shuttered, Tata Motors has finally introduced its Jaguar and Land Rover brands in India, one of the world’s fastest-growing automobile markets. Unfortunately, saddled with the two of the biggest money drains in the auto world, Tata is reporting an annual loss for the first time in eight years. How much have Jaguar and Land Rover cost Tata?

How Do You Say "Money Pit" In Hindi?

How does $504 million sound? Keep in mind that Tata bought the brands for $2.3 billion from Ford in March 2008. Unfortunately for Tata, the purchase was soon followed by a collapse in the global economy and sales of luxury sedans and S.U.V.’s (essentially the entire Jaguar/Land Rover product catalog) have been hit especially hard. According to Reuters, during a 10-month period ending in March, Jaguar Land Rover sales fell to 167,000 vehicles, compared to 246,000 in the same period the previous year.

Tata continues to maintain that they are very pleased with their decision and looking forward to turning the brands around. How a company that is built almost exclusively on economy cars can manage to restore two of the most elitist lines of vehicles is debatable however. Tata’s cheapest car, the Nano, start at $2,200. Land Rover products in India will begin at more than $120,000. Good luck Mr. Tata.

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7 Responses

  1. willem says:

    Here’s one reason why they don’t sell cars!

  2. reocheCof says:

    Heya guys.

    I have been trapped at an airport in Madrid for 1 days with out being able to find a flight back home. This is genuinely getting frustrating, I’m not even receiving any reimbursement from the particular airline.

    Anyone else in the very same scenario or have a colleague with the exact same complications?

    Sorry for this whine post however I felt that I’d to voice my disappointment.

  3. PeterMyakky says:

    Alas, fair-haired boy, you’ve managed to make your (finest) crony who is a maiden dwindle in rapture with you.
    Too bad, you’re either not friendly or you never uncommonly intended to. Here are a index of things you should NOT do to your friend because you wouldn’t want her to decrease in love.
    None of the more bald-faced things like bringing her flowers or singing her a serenade. No. Lease out me categorize the more underhanded thoughts.
    Don’t refresh the plaits of her face. Not that you haven’t watched too sundry absurd comedies already! Not at any time representing the love of the entirety in the creation, brush the braids of her face. Or accept for loophole a snowflake. Proper for crying unacceptable loud, keep your hands crazy her face!
    Because the status is effing emotional, the ebullience of your give in will diminish her heart! And fit crying out loud! This is an direct mo: gal stands case on a breezy lifetime, boy talks to girl, brushes a strand of her hair crazy her mask, girl feels *kilig* and then they kiss. Your fianc‚e kindest friend has memorized this rules in her head already. Don’t play the part! Don’t proffer to place into custody her script while crossing the street. Not that holding hands is icy with a view couples, but when you start holding out your hand for your friend when she crosses the byway someone’s cup of tea, she weight engage used to it! Added, afternoon teen dramas overdo this party, when two people start to orate hands when they intersect the street, that’s when they start to obtain feelings toward each other. I don’t know the really of that. BUT to be on the repository side, principled don’t do it!
    Don’t baptize her in the mesial of the night.

  4. Kurt says:

    Peter, is this your sonnet to Tatas?

  5. foelekalaky says:

    You might have found out about the colossal oil leak nearby the Gulf of Mexico. You think this will have a very considerable negative effect on our animal population in the vicinity of Mexico?

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    • Kurt says:

      Olivia, you can’t copy data without permission; you can use the data as long as you put it into your own words and cite the source in your references.