Tata Gives Jaguar Cash Infusion

Jaguar, Land Rover acquisitions add dimension to Indian giant's broad base

(NEWSER) - Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars in Africa, South America, and throughout Asia. More»

Investors rally for Mulally as turnaround picks up speed

(NEWSER) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its Jaguar and Land Rover brands. Insiders say Volvo could be the next to go. More»

Restructuring move will bring $2B—less than what company paid for either

(NEWSER) - Ford will sell marquee brands Jaguar and Land Rover to India's Tata Motors, the Wall Street Journal reports. Under the deal, expected to be announced tomorrow, Ford will get $2 billion, less than it paid for either company in separate deals years ago. Ford has lost $15 billion the past two years and is in the midst of a major restructuring. More»

Automaker thumps expectations, moves into black for 2007

(NEWSER) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford stock lost 17 cents a share in 2Q 2006. More»

(NEWSER) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track. More»