TATA WANTS TO BUY MORE: REPORT

Reports coming out of India suggest that Tata Motors, owner of Jaguar Land Rover, is looking to buy one or two more premium brands in the automotive space. Currently Tata is owner of the aforementioned British brands which it acquired for about US$2.3 billion from Ford back in 2008.

 

These latest reports come at a time when the industry players are consolidating, with some facing closure, while others are looking at unbundling certain assets. So what is currently out there in the market? Well there are a few options, including the Jeep brand which is owned by Fiat Chrysler Automobiles (FCA). A handful of Chinese companies are interested in that, so it may be a contested area. Still with FCA, some analysts have suggested perhaps it is time the company finally let go of Alfa Romeo and Maserati. Volkswagen’s previous administration has long expressed a keenness to buy Alfa, but were met with cold attitudes from FCA boss Sergio Marchionne.

 

There may also be peripheral brands which were dumped by previous owners or are not working properly, lurking just beneath the surface. They include SAAB, currently owned by National Electric Vehicle Sweden (NEVS), HUMMER, Spyker and MG.

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