Archived posting to the Leica Users Group, 2011/03/12
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]The Tatas are quite a remarkable group, who have been pioneers in industry here - from the 19th century, and who have a very highly developed sense of social responsibility. For those who are interested, here is a recent article on them from the Economist: http://www.economist.com/node/18285497 Cheers Jayanand On Sun, Mar 13, 2011 at 6:06 AM, Ken Carney <kcarney1 at cox.net> wrote: > At one of our firm luncheons, one of my partners mentioned that he had > invested in Tata (this was in 2009 when everything went to hell). Our > office manager said you're investing in ta-ta's? Then everything went > downhill. But he is happy now. > > Ken > > On 3/12/2011 9:54 AM, Lawrence Zeitlin wrote: > >> Jaguar is owned by Tata Motors. This from the Bloomberg Business News: >> >> "Tata?s 2008 acquisition of British luxury carmaker Jaguar Land Rover >> (JLR) >> always seemed like a vanity play. The symbolism was nice ? Indian company >> buys high-profile symbol of the former colonial power ? but Jaguar and its >> money-losing British operation seemed like an unnecessary burden for a >> company that should be focusing on the huge opportunities in its home >> market. The timing of the $2.5 billion deal was awful, too, coming just >> before the subprime meltdown hammered demand for high-priced luxury names >> like Jaguar. Investors clearly haven?t been so concerned, though. Tata?s >> ADRs are up 422% in the past year ? and that was when Jaguar was still in >> the red. Now the luxury division is finally starting to make profits for >> Tata thanks to cost cutting, a better product mix and a slowly improving >> global economy. A slew of analysts ? including those at Morgan Stanley, >> Bank >> of America Merrill Lynch and Nomura ? have come out with upbeat reports >> about the company following Tata Motors? quarterly earnings announcement >> last week." >> >> As a former classic Jaguar owner (140MC), I applaud any improvement in the >> marque. My Jaguar was lovely to look at, exciting to drive, but took at >> least one hour of maintenance for each hour on the road. Now if we could >> only get Tata to buy Leica- - -. >> >> Incidentally, Jasmine Tata, a niece of Ratan Tata, the chairman of the >> Tata >> Group, was my graduate assistant at the university for several years. A >> charming girl. She had eyes for my son. Too bad he wasn't interested. >> >> Larry Z >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information >> >> > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >