Tuesday, November 9, 2010

For the Petrolheads

The seemingly "British" icons in motoring, the Jaguar and the Range Rover, are actually owned by Tata Motors, an India based automotive company. Recently, the sales of the Range Rover and the Jaguar brands have improved, raising the share price of Tata Motors.

"Last month Tata reversed a decision to close one of its manufacturing plants in the UK because of the pick-up in sales.

It is also planning to hire new workers in Britain to deal with the surge in demand for cars from its Jaguar Land Rover division."

This reminds me of when Chrysler, an "American" brand was once owned by Diamler-Benz a German based company. It shows that companies these days are all that "national" as they once were.

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