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Supplier CEO attacked and killed by laid-off workers

Thursday, September 25th, 2008 by admin

The Tata Nano, which will be the world’s least expensive car, has already exacted enormous sums of money and time. A dispute over the location of a new factory has cost Tata close to a year of court wrangling and might end up spoiling a £200 million investment. Now the efforts to build the Nano have cost a life.

Unhappy workers were invited to a meeting with Indian and Italian executives of Cerlikon-Graziano Transmissions, which makes auto parts, to discuss reinstatement. Only a few workers were in the meeting, but more than a hundred were waiting outside. When those outside heard someone inside call for help, they rushed in, and in a mob fog anger, bludgeoned the company’s operations head, Lalit Kishore Choudhary, to death.

It was later reported that some of the folks involved in the melee weren’t even employees of the company. What Tata will need to urgently figure out is where it needs to go — inside or outside of India — to build the Nano without backlash. In the mean time, our condolences go to the Choudhary family. Thanks to all who tipped in.

Tata: No Jaguar/Land Rover sales data for the U.S.

Saturday, September 13th, 2008 by admin

Fans of our monthly By the Numbers posts may have noticed the conspicuous absence of sales data for both Jaguar and Land Rover over the past few months. The reason we haven’t included their sales figures is because we haven’t been able to find them since Ford handed over ownership of the two British brands to Tata. The automaker from India says that it will no longer report U.S. sales data for its two newest assets because of what it calls a strategy that “stresses quality over quantity.” A spokeswoman for Jaguar tells Ward’s Auto that the brands were forced to report their numbers when owned by Ford and now, since they’re privately owned by Tata, they don’t have to. She also notes that the sales figures could create a “distorted and potentially harmful commentary.” Yeah, we suppose that happens when you sell a fraction of what your competition does. Still, Jaguar is missing out on an opportunity to revel in the relative success of its new XF, which we know has bumped up the brand’s pitiful sales performance in the U.S. Regardless, By the Numbers will no longer include spots for Jaguar and Land Rover unless someone wants to go out and count their sales by hand. Thanks for the tip, Joaquin!

Jaguar and Land Rover could strike a deal with Daimler

Monday, May 5th, 2008 by admin

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The sale of Jaguar and Land Rover to Tata means that the two British marques will have to look elsewhere for the parts normally supplied by Ford. Following the news that Daimler could be a supplier to both automakers comes word from Dr. Z himself that a deal is a distinct possibility.

Daimler holds a seven-percent stake in Tata Motors, which could make an easy case for Mercedes to supply Jag and L.R. with the necessary components to wean them off of Ford. Dieter Zetsche told Auto Motor und Sport that, “If Ratan Tata approaches us regarding the supply of components, we would be open to talks.” AMG-powered XF, anyone?

[Source: Auto Motor und Sport via Automotive News – Sub. Req.]

Ferrari’s son to buy stake in Pininfarina, too

Saturday, May 3rd, 2008 by admin

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Pininfarina and Ferrari have had an intertwined relationship for decades, and according to a report from Reuters, the families are set to intermarry. Piero Ferrari, Enzo’s son, is expected to join three other “prominent figures of the Italian automotive industry” that will take a stake in Pininfarina. The news comes shortly after Tata announced plans to throw some money into the Italian design house, which includes a 100 million euro stake in the firm. Part of that cash infusion will help to create the new electric car Pininfarina is developing with Bollore, while simultaneously reducing the shares that the Pininfarina family currently holds.

[Source: Reuters, Photo by DAMIEN MEYER/AFP/Getty]

Rumormill: Tata looking to buy stake in MV Agusta

Monday, April 28th, 2008 by admin

motorcycle, motorcycles, mv agusta, mv-agusta, MvAgusta, tata, tata motorcycle, tata motors, tata mv agusta, tata-motorcycle, tata-motors, tata-mv agusta, tata-mv-agusta, Tata-mvAgusta, TataMotorcycle, TataMotors, TataMvAgusta

Volkswagen may not be the only auto manufacturer interesting in a storied Italian motorcycle maker. Hot on the heels of its purchase of Jaguar and Land Rover, rumors are swirling that Tata may be considering purchasing a stake in MV Agusta. According to a few Indian and Italian sources, Ratan Tata, chairman of the Tata Group, is reportedly in talks with Claudio Castiglioni, the man running the show at MV Agusta.

Tata’s involvement with MV Agusta could inject a unique flavor to the Indian conglomerate’s portfolio, which has already been boosted by its acquisition of the two aforementioned classic British marques. A healthy injection of cash could do wonders for MV Agusta as well, considering what it has already proven capable of even in its currently meager financial position.

[Sources: Faster and Faster, India Automotive, Motoblog]

Tata to take stake in Pininfarina

Monday, April 28th, 2008 by admin

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Beyond it’s acquisition of Jaguar and Land Rover, and the eminent launch of the Nano, Tata is looking to acquire a stake in Pininfarina, the iconic design house that’s been under some financial distress in recent years. Tata is aiming to take a minority holding in the firm, partnering up with the French industrial group, Bollore, with up to a 100-million euro capital increase. More details about the deal will be forthcoming in the next few months, but when Tata and Bollare take their stake, that will cut down the Pininfarina family’s share from 55-percent to 30-percent. Here’s hoping that Pininfarina’s help will be enlisted for the second generation Nano.

[Source: Automotive News - Sub. Req.]

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Tata and Chrysler sign deal to import electric Ace

Sunday, April 27th, 2008 by admin

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One way or another, we’re going to see a Tata vehicle here in the United States. Whether or not it’s through the Jaguar/Land Rover brands or something actually wearing the Tata nameplate, India’s top vehicle builder is moving aggressively to become a world player. To that end, Tata Motors has entered into a new deal with Chrysler, LLC to develop an electric version of Tata’s Ace mini truck for sale in North America. Chrysler’s Global Electric Motorcars division (GEM) is working with Tata to import fully-assembled vehicles that meet all the appropriate U.S. regulations. The battery-operated Ace has successfully navigated the required safety tests, and they’re reportedly ready for production. Tata wants to eventually export up to 50,000 vehicles to the US, but they’ve pegged the goal for 2008 at 10,000 units. This is definitely the year to keep an eye on Tata.

[Source: Reuters]

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