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Subject: Another nail in the coffin of Great Britain's identity- Indians to bid for Jaguar and Land Rover
Herc the Merc    7/18/2007 5:16:03 PM
Tata Motors plans to bid for Ford's Jaguar Kirit Chauhan Jul. 18, 2007 An ambitious move by the Indian oligarch - prestigious deal but devastating financial results. The Tata motor is the last company to add any value to the prestige symbol Jaguar. Ford will be lucky to download the ''white elephant'' on the Indian oligarch Tata. Tata Motors is understood to have instructed advisers in the past fortnight to begin evaluating the merits of a joint offer for Jaguar and Land Rover, which have been earmarked for disposal by struggling American car giant Ford, The Daily Telegraph said. If successful, it would rank among India's biggest overseas takeover deals, the report said, citing unidentified sources. -------------------------------------------------------------------------------- After Chicken Curry, Tetley tea another British icon falls. Embarrassing.
 
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VelocityVector       7/18/2007 5:45:12 PM

Not exactly.  The acquirer will have to turn the concerns profitable while concurrently elevating respective quality brand images else market perception will be one of failure.  And the acquirer has no track record of achieving such.  What then is likely to happen is that acquirer will sell off at yet another discount and a natty Brit will buy, followed by restoration of brand to former glory.  Thereafter a term will be applied to the subject acquirer shareholder class:  suckers.  I would bet a chunk of my retirement on it.

v^2

 
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Padfoot       7/19/2007 1:50:19 AM


Herc, I'm sure you know that Britain is the world's second largest source for outward foreign investment, so it can't feel bad when others invest in British companies. We are part of a global economy after all.
 
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Jimme       7/19/2007 2:23:55 AM
This is interesting, i really don't see how an auto company with zero presence in the US hope to revive two luxury brands in severe trouble. This might be an attempt to enter the US market under the guise of  a better know name brand.  It might be worth the losses incurred if they could successfully pull it off. Other then that without US sales improving theres no way to turn around the two brands.
 
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Herc the Merc    Its more like homegrown Brits   7/19/2007 2:28:38 AM
Can only now be found in pubs watching football while half the world occupies and buys out England. Even the big soccer team is owned by the Russian tycoon, the richest person in EU is not from EU but in LOndon. Barring the past era of British music, Britain has lost its core properties.
 
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Padfoot       7/19/2007 5:05:51 AM

Can only now be found in pubs watching football while half the world occupies and buys out England. Even the big soccer team is owned by the Russian tycoon, the richest person in EU is not from EU but in LOndon. Barring the past era of British music, Britain has lost its core properties.

You're a strange one, Herc! You sound like a socialist.

Are you saying that Britain being the second largest source for outward foreign investment is not a source of some pride? As for inward foreign investment, well, how can that be considered bad? The USA attracts huge amounts of inward foreign investment does that bother you? Does it bother you that BAE owns so many US defence companies?

As for core properites, If you did some research you would find that British companies dominate Europe's finance, banking, insurance, oil, mining, biotechnology, aerospace, defence and telecommunications industries.  What else is there?
 
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Herc the Merc    British golf?? British OPen started   7/19/2007 2:10:24 PM
No cricket champs, no golf champs, no Polo champs, no tennis champs--and u say u r the invisble superpower??
 
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flamingknives       7/19/2007 2:48:10 PM
So, if the United Kingdom of Great Britain and Northern Ireland is so bereft of value, why are there people from all over the world rushing to invest here?

As for chicken curry and tea: If we like something we adopt it and make it our own. It's quite a strong skill.
 
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Hugo       7/20/2007 7:45:32 PM
Herc, you seem to display a strong chip on your shoulder with regard to a number of nations with which you seem to have a deep grudge.  Australia and the UK being two of these.
 
There are expected to be 7-8 bids for Jaguar/Range Rover.  Jaguar is currently in US control so why do you suggest that its purchase by an Indian company is now the "final nail in the coffin" when it hasn't been "british" for quite some time.  The company is literally a corporate wreck - it's purchase by Tata, which may very well be the worst car manufacturer in the world, will not be the nail in the coffin of British industry, but would doubtless be the nail in Jaguar's coffin. 
 
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Hugo       7/20/2007 7:51:20 PM
The UK has some of the most liberal investing laws in the world and is a very attractive destination for foreign investment on account of it.  There is no way that a foreign company could purchase a French automaker otherwise they too may no longer exist.  There has been debate as to whether this liberal attitude has led to the decline of British industry but that is for another thread. 
 
One important point to remember however is that although British brands have fallen in the auto industry, foreigners, particularly the Japanese have been investing in the country and some of those facilities are very productive (despite the high valuation on the pound). 
 
If Herc were wanting of insight, then he would reach the conclusion that if India was open to FDI, which is something only recent in occurence, then the majority of its population might own a car, and those few that do might not be driving something built by Tata and based on British engineering from the 1950s.
 
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Herc the Merc    Hugo   7/20/2007 7:52:21 PM

Herc, you seem to display a strong chip on your shoulder with regard to a number of nations with which you seem to have a deep grudge.  Australia and the UK being two of these.

 

There are expected to be 7-8 bids for Jaguar/Range Rover.  Jaguar is currently in US control so why do you suggest that its purchase by an Indian company is now the "final nail in the coffin" when it hasn't been "british" for quite some time.  The company is literally a corporate wreck - it's purchase by Tata, which may very well be the worst car manufacturer in the world, will not be the nail in the coffin of British industry, but would doubtless be the nail in Jaguar's coffin. 


???? Grudge?? If anything I was suggesting that Britishness is being depleted by foreign ownership of British heritage
symbolic icons. Its more on the lines of a BNP pitch which would be far from ur assertion (though I do not support BNP).
My assertion is British have lost some nostalgia with this wanton sale to foreigners, I mean Buckhingham palace could sonn be Paris Hiltons new location (Hilton, Buckhingham) and I would guess there would be barely a whimper from the Brits. All in the name of internationalization. As for Australia I have a special place in my heart for them--down under-haha.

 
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