TaTa Motors refinanced it's loan to pay for Jag Land Rover

It’s official, India’s largest Automotive company, TaTa Motors, has managed to refinance their loan that they used to purchase Jaguar Land Rover from Ford Motor Corp. The suspense is finally over! Mr. C. Ramakrishnan, Chief Financial Officer of Tata Motors, said “This transaction was concluded amidst challenging market conditions in the global credit markets and in the automotive sector. Tata Motors thanks the lending institutions for the trust reposed by them in the performance and outlook of the company.” Well said, and to that we can all share a cold glass of cheer, and be very grateful that our beloved Land Rover brand will continue to remain a prosperous company, despite an economic down turn.

We here at LROffroad.com are glad to see this, we never expected the company to go bankrupt, but in these tough financial times you can never be too certain. The fact remains, Land Rover is a great company, and shall remain that way through out the economic down turn! Happy Rovering to all, and to all a good day! Cheers!


Visit www.LROffroad.com "The place for Land Rover Enthusiasts"!!