Workers who deliver auto parts to 3 Tata Motors-owned Jaguar Land Rover factories in the UK are holding talks with their firms to avert industrial action over a pay row that could bring production at these plants to a standstill.
Tata Motors, India`s top vehicle maker, on Friday posted an unexpected September quarter consolidated net profit, aided by investment returns and strong volume growth from its British Jaguar Land Rover unit.
The Tata Group Chairman Ratan
Naval Tata has termed the acquisitions of the British marquees
Jaguar Land Rover as `strategic` and `worthwhile` and said the
company will strive to bring the old glory of the brands.
The departing boss of General Motors
Europe, Carl-Peter Forster, is all set to take charge of
Indian conglomerate Tata group-owned Jaguar Land Rover (JLR)
in the next few months, a media report has said.
Tata Motors Chairman Ratan Tata
today said the global financial crisis has posed challenges to
marquee brands Jaguar and Land Rover, but the USD 2.3-billion
acquisition of the iconic brands was "worthwhile".
After an year-long negotiations,
India`s Tata Motors edged closer to signing a financial aid
package with the British government for its struggling UK
subsidiary Jaguar Land Rover, a media report said on Sunday.