Word: jaguars
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...while passenger car sales in India slid 14.4%. With losses mounting, it recently reported a quarterly loss of $58.5 million its first in seven years. To complicate matters, Tata Motors faces a June deadline when it must repay a $3-billion bridge loan taken on to buy Jaguar Land Rover (JLR). (See the 50 worst cars of all time...
Business cycles can be capricious, as officials for Tata Motors are discovering. During India's economic boom, the country's largest automobile manufacturer burst onto the international stage by acquiring fabled British luxury marques Jaguar and Land Rover for $2.3 billion. The company grabbed more attention last year when it unveiled the Nano, a potentially revolutionary sedan designed for emerging markets with a pricetag less than some laptop computers. Tata Motors, it seemed, was a carmaker in high gear...
...What's Next The irony about being called on the carpet in Washington is that Detroit actually has a fairly clear idea of where it's going. Ford, for instance, under the leadership of Alan Mulally, has rationalized the company, dumping Jaguar, Aston Martin, Land Rover and some of its stake in Mazda. Volvo may be next. "We have streamlined all of the brands to focus on Ford," he says. Ford wants to be able to create small- and medium-size cars around the world from a single global blueprint. The initial product of the One Ford strategy...
...here. The in-your-face lifestyles of Miami's rich-and-famous have encourged the not-rich to emulate their ways - creating the kind of credit-driven nightmare that has sapped the nation during this crisis. Much moreso than in other U.S. cities, profligate values, from condo-flipping to Jaguar-leasing, hold sway here. In that sense, this weekend's Fontainebleau fete is pure Miami: the dysfunctional creed, to quote the title of Lapidus' autobiography, that Too Much Is Never Enough...
...courtyards and alleys here in Songzhuang, in Beijing's eastern suburbs. The conversation ranges from gossip about colleagues through the sources of artistic inspiration to the merits of colleges in Australia, where Lu's son is studying. Later, Lu and I hop into his brand-new, lime green Jaguar and drive over to the site of the sprawling house he is having built overlooking a small lake. Proudly showing off the view from the second floor, Lu extols the virtues of living in Songzhuang. "All my friends and colleagues have moved here, so we can get in contact easily...