acquirer (e.g., Tata Steel’s $13 billion acquisition of Corus and Tata’s $2 billion acquisitions of Jaguar/ Land Rover ) or the target (e.g., Vodafone spent $11 billion for Hutchison Telecom; BP invested $7 billion in Reliance
Nomura upgrades Tata Motors ( TTM ) to a Buy rating. The automaker saw its Jaguar Land Rover business help lift it to a big quarterly boost in profits in FQ3 . Nomura points out that TTM shares trade at a lower 2015 EBITDA
Tata Motors ( TTM ) rode a strong performance from Jaguar Land Rover to a big boost in quarterly profits. JLR vehicles sales were strong enough to help offset general weakness in India for Tata Motors. TTM +5.0% premarket 3 comments!
* JLR operating margin up 390 bps at 17.9 pct (Adds context, comment from CFO, more details on earnings)
Jaguar Land Rover ( TTM ) won't start production in China until 2015 because of delays in getting key machinery and equipment to the region. The automaker is hoping to add to profitability by producing vehicles to sell in China locally. Post your comment!
Jaguar Land Rover ( TTM ) unit sales +15% to 6,021. Land Rover brand sales 11% Y/Y to 4,200 while Jaguar saw a 31% increase to 1,347. 1 comment!
Tata Motors reported strong results for the fiscal 2014 second quarter owing to continued outperformance in its Jaguar Land Rover , or JLR, division and currency impact from the weaker Indian rupee. Earnings per share, or EPS, for the quarter
is highly fragmented and the company has $450 million in liquidity. The company continued its M&A spending after announcing the Australian truck deal last quarter by purchasing a Jaguar franchise and Land Rover franchise in Maryland.
resulted from the increase in vehicle production but also a favorable mix of vehicle models from customers like BMW, Jaguar Land Rover , and Mercedes. The company also benefited from the strong sales of several Ford models, the Peugeot 2008, as well
to $28 from $31. Our fair value estimate takes into account the strong revenue growth and profitability of Jaguar Land Rover , Tata's 60% leading share in the Indian commercial truck market, and Tata's low cost base and high growth potential