Tata Sons has named Cyrus Mistry as its next CEO, as current CEO Ratan Tata prepares to retire. The unmarried, childless Tata named Mistry as CEO of the holding company responsible for Tata’s numerous divisions, among them their automotive sector which owns Jaguar and Land Rover, along with the namesake Tata Motors brand. “The appointment...
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Nearly 13 years ago today, Britain handed over sovereignty of Hong Kong to the Chinese government, ending a 99-year lease on the territory, and signaling the end of a British presence in China. Now, reports from various news agencies say that India’s Tata Motors is looking at building Jaguar and Land Rover assembly plants in China. Like...
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India’s Tata Motors is back in the black after rising demand for the Land Rover and Jaguar cars, as well demand in India for Tata products. The Tata group posted an overall profit of $543 million, compared to last year’s loss of $535 million. Tata was able to beat analyst expectations of a $321 million...
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Jaguar Land Rover’s (JLR) new Indian owner Tata Motors continues to invest in and makes plans for its newly acquired luxury division despite what has so far been a very poor return on investment. JLR posted a $1.11 billion loss last year but that won’t stop Tata from making big changes, the first of which...
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Indian automaker Tata has confirmed that it will bring the Nano to the U.S. in the next three years. The Nano, launched officially several months ago in India, holds the title of being the world’s cheapest car with base models priced at just $2,000. David Good, a U.S. representative for the Indian automaker, which also...
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