Quote:
Originally Posted by jwsamuel
Jag and Rover are now owned by Tata, an Indian company. Bentley has been part of Volkswagen since 1998. Volvo is owned by Geely Automobile of China.
So where does that leave Chrysler? The original home base is Michigan but the profits now go to Italy.
Jim
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When Jack Nasser was running Ford he wanted a "Premium Auto Group", guess what he bought to fill it? Or in other words, who did tata buy jag and rover from? Dickhead nasser went on a spending spree and was buying everything he could and after buying various "premium" companies and dumping Billions with a B into them, Ford sold them off between 2006-2008 before the crunch hit for pennys on the dollar. Rover for example, I forget the numbers now but it was like they paid 100 million for it, dumped in a billion, then sold it for 50 million cause nobody was buying. It sucks but they did what they had to do.
Kudo's for Mulally for righting the ship and kudo's for Bill Ford for recognizing that he couldn't run Ford and swallowing his pride by bringing somebody who could in.