Saturday, May 28, 2011

I wish it were true

Asserting that Ratan Naval Tata was misquoted in the interview to a British daily, Tata Motors Managing Director and Group CEO Carl-Peter Forster said that Mr. Tata was talking about the past. Mr. Forster too said that they had the entire recorded version of the interview and it was “very clear” from this that Mr. Tata was referring to the situation “about five years ago” which had changed.

IMO: Maybe, but they are sacking 1500 in the UK and moving a lot of the work to India. O.K., mainly CKD so far but it sure is cheaper in India and it makes sense for capital to seek profit.

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