Archive for March 29th, 2008
With over seven launches in 35 months designed with Indian engineering teams collaboratively, Japanese automaker Suzuki is likely to step up engineering and design work out of here.
The company R&D team based in Gurgaon, which now comprises 480 engineers, plans to increase this to about 1,000 people by 2010, according to Mr I.V. Rao, Managing […]
On-road price tag for Jaguar & Land Rover runs to $3 bn
0 Comments Published March 29th, 2008 in Ford India, Tata Motors.The final acquisition cost of the iconic Jaguar-Land Rover (JLR) brands by Tata Motors is likely to be about 30% more than the $2.3 billion announced on Wednesday. The $2.3 billion covers just the price of the brands, assets and technology know-how. A big part of the additional cost would go for engine and component […]
TATA Motor?s credit rating has been downgraded following its acquisition of Jaguar and Land Rover by Crisil. The rating agency has said the deal costs of Rs 9,200 crore and additional capital expenditure of Rs 10,000 crore would weaken the company?s gearing to more than 1.25 times from the current level of 0.6 times. Tata […]
Tata Motors hopeful of better rating by agencies in few months
0 Comments Published March 29th, 2008 in Tata Motors.
Tata Motors on Saturday said that ratings given to it by agencies would be reviewed in the next few months as its refinancing plan is put into action.
The response has come after rating agency Crisil yesterday downgraded ratings on the auto major’s cash credit facilities from ‘AA+’ to ‘AA-/stable’ and removed them from ‘Rating Watch […]
TATA Motors may dilute its shareholding in Tata Steel to finance the $2.3-billion acquisition of luxury brands Jaguar and Land Rover from Ford Motor Company, say analysts. This follows Tata Motors? announcement two days ago that it had raised a 15-month bridge loan of $3 billion from a syndicate of banks to finance the acquisition. […]