Monday, May 21, 2007

How Bodacious! Tata Rumored to take over Visteon

A Reuter's story cited by autonews.com says that Tata may be planning to buy a share of Visteon, an automotive component company that was formally part of Ford. The price: $1.2-2.0 billion. It's not clear how Tata would benefit from financially-troubled Visteon unless Tata plans to "lift and shift" the parts-making equipment to India.
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