Rumors of Ratan Tata's retirement from the international corporation he helms as CEO have been buzzing around the internet for over a year, but they've recently been lent a little credence. According to BBC News, Tata Group has assembled a five-person panel to find a suitable successor to the company's throne. It had previously been suggested that the 79-year-old Tata would retire by the end of 2012. The panel hopes to locate a new CEO by March of next year, providing a bit of overlap between th
Three years ago the retirement age for Tata's holding company was upped to 75. Although Ratan Tata is only 71, there is no obvious successor to take his place at the head of India's global conglomerate, so the search has begun for the leader of the next act.
Ratan Tata, Jaguar's owner, knows that the future of the company rests on "shiny and new" products. That's why the XE roadster was reportedly moved to the front of the line and given a 2011 release date. If the soothsayers at Motor Trend are correct, Tata also understands that cleaner engines are the future of the industry itself, because the XE could also bolster Jaguar's credentials by reportedly including the option of a Volt-like range-extending hybrid drivetrain.
We don't know how many times through the millennia one gentleman has told another, "Be careful with her – she's beautiful, but she's expensive." We would like to know if Alan Mullaly offered that warning to Ratan Tata (above) before the latter bought Jaguar and Land Rover (JLR). As with the Blue Oval before it, Tata Motors is about to throw billions at the English luxury marques and it is looking for help doing it.
An historic event will take place at the start of the 2009 Formula 1 season as Italian Ferrari grand prix cars will be emblazoned with the logos of an Indian automaker for the first time ever. Tata Motors, a subsidiary of the Tata Group, has purchased rights to sponsor Ferrari's F1 racing efforts. Details of the duration and the dollar amount have yet to be revealed. This isn't the first time Tata has been involved with F1, however. A few years back, it was a sponsor of both Jordan and Williams'
It's becoming increasingly apparent that India's largest automaker Tata cannot be stopped. On the verge of finalizing a deal to acquire Jaguar and Land Rover from Ford, Tata is now rumored to be interested in buying a stake in one of the most beloved performance marques of all time: Ferrari. We stress that this is a rumor, because it stems from a quote given by Tata's chief Ratan Tata to Italy's L'Espresso in which he reportedly said that he's always dreamt of being a fighter pilot (takeover of
The Investment Commission of the Indian government has been evaluating coal to liquids (CTL) technology and came to the conclusion that it's feasible for India and should be pursued. Chairman Ratan Tata has met with the Prime Minister and urged the start of a CTL industry. Based on the expectation that ninety percent of future oil needs will be imported and there won't be enough new domestic oil found, at least 4-5 CTL projects should be started. Most of the fuel produced should be diesel along