egmCarTech

Tata said it is looking for a successor to 71-year old chairman Ratan Tata. The company said that it is considering local and foreign candidates to head the group that includes Tata Motors, Tata Steel, Tata Consultancy Services and Tata Power among its 27 listed companies. “We are in the process of formalising a successor to [...]

Chairman of Tata Motors, Ratan Tata said that Jaguar and Land Rover need £500 million ($734 million) in loan guarantees from the British government or the two companies could be forced to make additional job cuts “If funds are not available the company will not be able to run,” Tata said. “So layoffs will take place.” [...]