Tata Group not interested in Ferrari stake as reported
March 10th, 2008 Leave a comment Visited 30 times, 1 so far today
Tata Group not interested in Ferrari stake as reported
Market sources had claimed that India’s Tata Group had expressed their interest in acquiring a stake in the Fiat owned luxury brand Ferrari.
The company has now clarified the rumors and said: “Tata Group wishes to clarify that the statement has been misquoted and taken out of context.”
A Tata Group representative further said: “The report is completely untrue.”
Tata has been working with Fiat in the Indian market and they share their dealerships. Tata is soon going to launch their Indica car with a Fiat developed diesel engine in the market.
The two companies have also said that they would explore other areas of cooperation.
Automobiles, Automobiles, Ferrari, Fiat, Rumors, Tata, Tata Group, Tata Motors
Somanshu
Category: Uncategorized
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