Word: carlies
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...Tata Motor's strategy was to push further into international markets by attacking the potentially vast, low-budget car market in the developing world. That effort was to be led with innovative models like the Nano. Through numerous innovative manufacturing strategies - and cheap Indian labor - the Nano was supposed to debut last year with a sticker price of about $2,500. Meanwhile, the company was dipping its toes into the luxury segment through the acquisition of struggling...
...some 13,000 families that were to be displaced by the factory was resolved when Tata decided to build the plant in the state of Gujurat instead. But the launch of the Nano, originally set for October 2008, had to be pushed back. The company now says the car will debut in the first quarter of this year...
...Saddled with debt from the acquisition, Tata Motors could get some relief from the public sector. Last month, the British government pledged to guarantee a total of up to $3.3 billion in loans to help U.K. car companies cope with the recession, which could make it easier for the company to get fresh financing and pay off the $3-billion bridge loan coming due in June. In addition, with interest rates declining, vehicle demand appears to be firming up in India, especially for passenger cars. Tata Motors January car sales were the highest since May 2008 - good news since...
...pictures of famous artists' car...
...king of cocaine, the prospect of doing hard time in an American penitentiary was about the only thing that made Pablo Escobar's blood run cold. Living by the motto "Better a tomb in Colombia than a prison cell in the United States," Escobar unleashed a wave of car bombings and assassinations that forced the Colombian government to water down extradition laws. Cowed officials even built Escobar a five-star jailhouse, with a Jacuzzi, discotheque and fake waterfall, for a brief stint behind bars before the drug lord was gunned down by police...