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Asides
Its official, Ford Waves Tata to Jag and LR
By: Karthik :+: Under: Asides, Business, Cars, Force India F1, Formula 1, Motor RacingOn: ⋅ January 3, 2008 ⋅
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Both Ford and Tata announced that they have moved into advanced negotiations on the sale of Jaguar and Land Rover. If that does not tickle your fancy, then try this. Vijay Mallya has split with Toyota F1, Kingfisher will no longer be one of the sponsors of the team, this should give the brand and Mallya more money to run the Force India F1.
Other posts in Asides
- F1 champ visits Mumbai - July 24th, 2008
- Don't touch that! - Part 2 - July 24th, 2008
- Desi jailed for siphoning 9/11 funds - July 18th, 2008
- Desi guilty of trade secret theft - July 18th, 2008
- Torture Top 10 - July 16th, 2008
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If I may quote from a back in the day NYT article, “Jaguar dealers in the United States have expressed concern about an Indian buyer, which they believe would devalue the luxury brand name.”
Tata pays a distressed company 2 billion dollars and these Jag folks are stuck on what the public will think. Ha. Goes to show you money talks.