Tata has bought Jaguar and Land Rover of Ford for £1.15bn. Tata seems to be quite an exciting company with it's development of the $2,500(£1,250) car which is sure to make India's congestion a whole lot worse (however many Indian families will safer rather than clinging to mope heads). Staff and trade unions have supported the deal. So it seems Tata doing this is all good for UK jobs and economy. But I don't fully understand these things myself. Do you think it's good?
Wednesday, 26 March 2008
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Since Jaguar and Land Rover were already owned by an American company, Ford, the nationalistic argument was already gone. Ford are still in trouble, and its going to get worse for them, with American gas prices "soaring" (Americans now pay about three quarters per litre for their petrol of the amount we pay per litre IN TAX ALONE. Tata, on the other hand, are in rude financial health it seems, so their takeover assures workers jobs in britain at the Jaguar and Land Rover buildingplants in the Midlands and near Liverpool for another three to five years. Unions and workers welcome that, because nobody likes being out of work. When (as eventually may well happen) Tata want to move production of the two marques from britain, there will be all hell to pay.
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