|
Browse by Tags
All Tags » Land Rover » Earnings/Financials ( RSS)
-
|
Filed under: Government/Legal , Jaguar , Land Rover , Earnings/Financials , Roewe , Tata Click above for a high-res gallery of the Daimler Super 8 While most of the automotive press is reporting on Tata's acquisition of Jaguar and Land Rover from Ford's Premier Automotive Group, the fine print shows that the Indian automaker got a whole package of classic British marques to go along with them. In addition to Jaguar and Land Rover, Tata also acquired the rights to use the names of Rover, Daimler and Lanchester. The Rover name previously belonged to BMW, which bought the Rover group 14 years ago. Although Shanghai (SAIC) bought the rights to produce Rover products , BMW refused to license the name to them (leaving SAIC to label its cars Roewe), instead selling it to Ford who secured the name to avoid confusion with Land Rover. The Daimler name, through an age-old licensing agreement with the Mercedes parent company, is used by Jaguar for a line of even more luxurious versions of its...
|
-
|
Filed under: Jaguar , Land Rover , Earnings/Financials , Tata As Tata's acquisition of Jaguar and Land Rover inches closer to completion, an anonymous source inside the Indian automaker has revealed that the company has secured a $3 billion loan in order to finally finance the take-over. The loan is reported to come from the banks of Citigroup and JPMorgan, although both financial firms as well as Tata have refused to comment on the reports. Additional sources of funding for Tata could come from domestic and foreign debt markets, from which Tata could raise an additional $4 billion. That would also come in handy for investing in the production of the upcoming Nano , or even the rumored purchase of shares in Ferrari . Financial services analyst Standard & Poor's, however, is currently reviewing Tata's credit rating, which stands at a high BB+ level due to the increased debt the carmaker will inevitably incur from the acquisition of these two luxury brands from Ford. [Source...
|
-
|
Filed under: Jaguar , Land Rover , Earnings/Financials , Alfa Romeo , FIAT The upcoming Alfa Romeo 169 flagship sedan is slated to be based on a modified platform from sister-company Maserati , but a potential tie-in with Jaguar could provide an interesting alternative. A report from British magazine Autocar recalls that Alfa's parent company Fiat initially expressed interest in acquiring Jaguar and Land Rover from Ford, but decided to pass in favor of focusing on the rejuvenation of its own divisions instead. However, Indian automaker Tata, which is tipped to have placed the winning bid for the English marques, shares close relations with the Fiat Group. The Italian auto giant advised Tata on its acquisition bid , and the partnership could stand to benefit the Alfa Romeo division. Borrowing a platform and powertrain from Jaguar could, according to Fiat chief Sergio Marchionne, lead to a "stunning" rear-drive Alfa 169, while optimizing the cost to benefit ratio for the Italian...
|
|
|
|