Stormwind

The guys at Microsoft are doing well, so do the professionals in America but India remains one of the poorest country in the world with poverty rates ever increasing. Sadly even doctors do not make a lot of money in India. Your parents are doing well, but I doubt you are making any siginificant money at the moment.

Koma

iTrader: (3)

I was gonna comment about that as well but I didn't want to stir up any trouble.
No one is doubting that Indians don't have taste or know what luxury is but India the country is still a poor country. Meaning they are probably paying their workers (not everyone in India is Indian so this could mean anyone working in India) much less than in other countries, so maybe the quality will drop. There's a reason why so much outsourcing goes to India because it's more cost efficient, they can pay them far less for the same work. I can't comment on the quality of a car product coming from India but it is up for skepticism.

19psi

i'm very interested in watching how this turns out, as i work on jags and rovers for aliving. it really can't be worse than being under ford ownership.

tofu_house

iTrader: (2)

I didn't mock the indian educational system at all.

I merely said, that if you come from a foreign country, most likely, the degree you earned will stand for nothing in the states.

As the guy after you posted, a lot of educated professionals have to work again to get an american degree in order for them to practice whatever they specialize in.

That's not to say for everyone and for everything but in MOST cases, it's what happens.

And it's fantastic that india has such a great educational instution. But again, there's a reason why foreigners still look to come study in the US. It's because an american degree means something in the world.

vraa

iTrader: (2)

Engineering degrees are universal.

Everything else is second class.

Oooh, my ego is too big for this thread...

No really though, the next decade is gonna rock. The focus is not just shifting, but it's getting bigger to include Russia, China, and India.

And you thought the world was small yesterday... Thank goodness we're taking everyone along with us this time:
http://radian.org/notebook/first-deployment

Overclocker

Price tag said to top $2 billion


Tata Motors is buying Jaguar just as the automaker is ready to launch the new XF sedan.

Source: http://www.autoweek.com/apps/pbcs.dl...461369613/1065

gengar

I know this is a nearly three-month old post, but I felt very compelled to respond. This isn't true at all, or else graduate degree programs in the US would not accept most foreign students. In recent years, half of all incoming graduate students in the US were foreign students. Much of this is due to self-selection, but I disagree strongly with the assertion that "most likely" a foreign degree is worthless.


It is indisputable that, overall, the US has the best colleges in the world. However, that is a completely distinct issue from college degrees obtained in other countries being worthless.

Big Andy

Does this mean they'll be bringing out that two-sitar sports car we've all been waiting for?








I'll get my coat...

kyang91

iTrader: (5)

I am not so sure if it is true.....

STIG

Well, it's on CNN. So, I think it's true.

We will see some upsale 2500$ TATA car badged as Landrover soon.

mmarshall

Well, here it is.....we knew it was coming. Ford said Ta-Ta today to Jag and Land Rover. The new owner?........ India's Tata motors.


http://www.foxbusiness.com/markets/i..._534193_8.html


DETROIT -- Ford Motor Co. is selling its storied Jaguar and Land Rover businesses to India's Tata Motors Ltd. in a deal that will net the struggling U.S. automaker about $1.7 billion -- roughly a third of the price it paid for the two luxury brands.

The deal announced Wednesday will expand the Indian carmaker's reach around the globe.

The agreement had been in the works for months as cash-strapped Ford sought money to fund its turnaround plan.

Tata will pay $2.3 billion for the British brands, but at closing, Ford will pay about $600 million into the Jaguar-Land Rover pension fund, Tata's statement said.

Ford (F: 5.87, -0.13, -2.16%) bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.7 billion in 2000. But it has been struggling and wants to focus on its main brands.

Tata said it expects no significant changes in the terms of employment for Jaguar and Land Rover's 16,000 workers. It said the transfer of the brands would take place at the end of the second quarter.

"Jaguar and Land Rover are terrific brands," Ford CEO Alan Mulally said in a statement. "We are confident that they are leaving our fold with the products, plan and team to continue to thrive under Tata's stewardship.

"Now, it is time for Ford to concentrate on integrating the Ford brand globally, as we implement our plan to create a strong Ford Motor Company that delivers profitable growth for all."

Tata said in its statement Ford will continue to supply engines, transmissions and other components "for differing periods." Ford also will continue to provide environmental and other technologies as well as engineering support.

Tata Chairman Ratan N. Tata said his company will try to build on the brands' heritage, keeping their identities intact.

"We aim to support their growth, while holding true to our principles of allowing the management and employees to bring their experience and expertise to bear on the growth of the business," he said in a statement.

Roger Maddison, an official with Unite, Jaguar and Land Rover's main labor union, said the deal is good news for the automakers' employees as well as those who work for parts suppliers.

"Unite has secured written guarantees for all five UK plants on staffing levels, employee terms and conditions, including pensions, and sourcing agreements. The sale ensures our members futures and we look forward to working with Tata," Maddison said in a statement.

Ford shares rose 8 cents to $6.08 in premarket trading Wednesday. Its shares have traded in a 52-week range of $4.95 to $9.70.

SLegacy99

Hmmm, I woulda thought that with the XF coming out that Jaguar would have some potential for them. But I guess the really needed the cash. And i guess Jag will still be the car for the next Bond film.

mmarshall

That's the way it usually is with American firms....most of what they do is for short-term cash and profits.

SLegacy99

I could see Ford making some money off of a hybrid Fusion, well after a few years anyway. I mean, they developed the technology but only have it in one vehicle. Shouldn't they be applying it elsewhere for greater returns?

tfz_hebe89

iTrader: (1)

i checked ford.com jaguar and land rover are still listed there