The Indian conglomerate Tata is on the verge of buying Range Rover and Jaguar from American car-maker Ford. Cue a rant from Rod Liddle or Jeremy Clarkson or something… Amusingly, the Sun says:
The ground-breaking deal will be the first time major Western car makers have been bought by an Indian firm. It will also see two of the final components of Britainâ€™s crumbling motoring empire fall into foreign hands.
Erm, except that those two components of the “British motoring empire” were already in foreign hands – American. A Freudian slip maybe? Who knows… Tata already owns Tetley Tea by the way. Heh.
Given the giddy heights that the Bombay stock market reached from July this year, and is expected to climb next year, expect a lot Indian companies awash with cash buying British or American firms. Maybe. Who knows with emerging markets.
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Filed in: British Identity,Economics,India,South Asia