Ratan Tata Interested in Buying a Stake in Ferrari?
While Tata Motors is in the final stages of its Jaguar and Land Rover takeover, the imperialist eye of company chief Ratan Tata has moved to a new potential target. Tata has already become strongly involved with Fiat and is now reportedly mulling the possible acquisition of a stake in Ferrari.
Fiat actually increased its stake in Ferrari to 85 percent at the same time Tata joined the Italian automaker’s board of directors in 2006. Fiat still owns an option to buy a further 5 percent of the legendary sports car builder, and it’s that option that is reportedly titillating the Tata chief.
The move would make a measure of personal sense for Mr. Tata, who has admitted to dreaming of being a participant in the running of the Ferrari empire. Meanwhile, the sale could also benefit Ferrari, which continues to explore expansion in the burgeoning Indian market.
+ Motor Authority: Tata could buy stake in Ferrari
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Comments
The Stig
I want to run Ferrari too but that doesn't mean I'm qualified to do so.
zoe
So...Tata would have a stake in some of the world's most inexpensive AND most exspensive cars. smart move.
z
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