Could it be Ta Ta to Tata?
At first glance it might appear to have just been bad timing – spending $2.5Bn to buy Jaguar and Land Rover from Ford, the only manufacturer to still be surviving the downturn.
Tata, India’s largest auto maker, has reported losses of $522m for the 10 months it has owned Jaguar (sales dropped 4% to 47,000) and Land Rover (sales dropped 39% to 127,000) to March 2009