D
Dr. Jai Maharaj
Guest
The more foreigners (to the US) buy American assets, the more
they help pay for the war in Iraq, Afghanistan and elsewhere.
Jai Maharaj
http://tinyurl.com/24fq83
http://www.mantra.com/jai
http://www.mantra.com/jyotish
Om Shanti
In article <47ec034a$0$4063$bbae4d71@news.suddenlink.net>,
"harmony" <aka@hotmail.com> posted:
>
> i think bush administration is not worried one bit; they are so devoted to
> "free-trade". citibank sold a big stake of their ownership to some arabics
> for a song. same for meryl lynch. if usa sells of majority control of its
> big banks to foreign ownership, it most certainly will have political
> implications. with the huge national debt of astronomical dimesnions, it is
> not hard to see usa selling more and more of its prime assets. god knows
> what kind of agenda these foreigners will have then. i want to go some place
> where i don't have to read news.
>
>
>
> "Straydog" <arthures@vtisp.com> wrote in message
> news:4a075e96-0098-45e9-a53f-8e4338520054@p73g2000hsd.googlegroups.com...
> > (see quoted material below)
> >
> > You should really TRY to understand that so called FDI takes place in
> > both directions. There are US companies (and private equity) buying up
> > companies overseas just as there are companies and private equity
> > overseas buying up US companies. If you ever have a llook at
> > ownerships, say, between the US and Canada, the amounts invested are
> > within about one percent. The same is true in terms of Europe vs the
> > USA; the difference in FDI iis about 1-2% at most. One source I read
> > said that of all new companies/factories in China, 40% are US-owned,
> > and another 40% are Japanese-owned. The other 20% are owned by China.
> >
> > So, before you get excited about current news, consider the background
> > history going back 10-20 years.
> >
> > harmony wrote:
> >> america is being sold like fire sale.
> >>
> >>
> >> <nkdatta2466@bigmailbox.net> wrote in message
> >> news:a043501b-cf73-4e59-8e9f-c82c323a2be1@8g2000hse.googlegroups.com...
> >> >
> http://www.washingtonpost.com/wp-dyn/content/article/2008/03/26/AR20080326006
> 44.html?hpid=moreheadlines
> >> >
> >> >
> >> > Reuters
> >> > Wednesday, March 26, 2008; 1:39 PM
> >> >
> >> >
> >> > Tata to buy Ford brands for $2.3 billion
> >> >
> >> >
> >> > MUMBAI/DETROIT (Reuters) - India's Tata Motors Ltd announced a $2.3
> >> > billion deal on Wednesday to buy Jaguar and Land Rover from Ford Motor
> >> > Co, a transaction that gives the Indian automaker a line-up ranging
> >> > from the world's cheapest car to some of its more expensive.
> >> >
> >> >
> >> > For Tata, which plans to launch the ultra-cheap $2,500 Nano or
> >> > "People's Car," the addition of the profitable Land Rover brand
> >> > provides an edge against Indian rival Mahindra & Mahindra Ltd, which
> >> > had also pursued a deal with Ford.
> >> >
> >> >
> >> > Ford, for its part, gets to shed the money-losing Jaguar brand and
> >> > gains a cash infusion at a time when the U.S. market is slumping and
> >> > it is attempting to bounce back from combined losses of more than $15
> >> > billion over the past two years.
> >> >
> >> >
> >> > The sale price is roughly 40 percent of what Ford paid for the two
> >> > brands. Ford acquired Jaguar for $2.5 billion in 1989, but failed to
> >> > turn the British nameplate into a higher-volume brand. Ford paid $2.75
> >> > billion for Land Rover in 2000.
> >> >
> >> >
> >> > The deal also underscores the shifting balance of power in the global
> >> > auto industry, where India and other emerging markets are expected to
> >> > account for almost all of the growth in production over the next five
> >> > years. None of the established European automakers, including BMW AG
> >> > or Daimler AG, pursued Jaguar and Land Rover.
> >> >
> >> >
> >> > They face a new competitor in Tata Group Chairman Ratan Tata, a jet-
> >> > flying businessman, and his Tata Motors, India's No. 3 car maker and a
> >> > unit of the far-flung Tata conglomerate that got its start making
> >> > locomotives after World War Two.
> >> >
> >> >
> >> > Ford will contribute up to $600 million to Jaguar and Land Rover
> >> > pension plans after the closing of the deal, expected in the second
> >> > quarter. Ford will also continue to supply engines and related
> >> > components, while providing financing for dealers for up to a year,
> >> > both companies said. Ford will net about $1.7 billion, in line with
> >> > expectations.
> >> >
> >> >
> >> > Ford is selling Jaguar and Land Rover to focus on turning around its
> >> > money-losing operations in North America. Ford says it is on track to
> >> > return to profitability in 2009, although its restructuring has been
> >> > complicated by a U.S. economy at risk of tipping into recession and
> >> > its own more limited success in buying out high-wage union workers,
> >> > analysts have said.
> >> >
> >> >
> >> > "It certainly gives them a little bit of cash," Erich Merkle, an
> >> > analyst at Michigan-based IRN Inc said of the impact of the deal on
> >> > Ford. "It would stop the bleeding (caused by Jaguar) and allow them to
> >> > focus resources."
> >> >
> >> >
> >> > With the deal, Ford disbands its Premier Automotive Group, whose only
> >> > remaining brand is Volvo. Analysts expect Ford eventually to spin off
> >> > the safety-oriented Swedish auto brand, but only after returning it to
> >> > profitability.
> >> >
> >> >
> >> > Tata Motors shares closed down 0.1 percent at 679.40 rupees in a
> >> > Mumbai market. Ford shares were down almost 2 percent at $5.90 on the
> >> > New York Stock Exchange.
> >> >
> >> >
> >> > NOW THE HARD PART
> >> >
> >> >
> >> > Analysts have expressed concern about how Tata Motors would fund the
> >> > deal and how it would fit the luxury brands into its stable of trucks,
> >> > buses and cars, including the planned Nano, the world's cheapest car.
> >> >
> >> >
> >> > Tata has announced plans to raise $4 billion, which is expected to
> >> > help finance the Ford deal and the manufacture of the Nano, which it
> >> > unveiled in January.
> >> >
> >> >
> >> > The deal comes at a time when tight credit markets have raised
> >> > borrowing costs and shut down deals. Standard & Poor's placed Tata
> >> > Motors on review for a possible downgrade in January, citing the
> >> > potential increase in its debt load from the acquisition of Jaguar and
> >> > Land Rover.
> >> >
> >> >
> >> > The Tata Group has made a number of overseas takeovers in recent
> >> > years, including last year's $13 billion buy of Anglo- Dutch
> >> > steelmaker Corus by Tata Steel Ltd.
> >> >
> >> >
> >> > Kimberly Rodriguez, principal at Grant Thornton, said Tata's track
> >> > record with acquisitions showed it was willing to run brands
> >> > independently and said it was likely to do the same with Jaguar and
> >> > Land Rover, while pouring money into the brands in a way that Ford
> >> > could not.
> >> >
> >> >
> >> > "It would be a much more core product line for Tata than it would have
> >> > been for Ford," Rodriguez said. "Land Rover is critical because it
> >> > allows them to compete with Mahindra. Jaguar may be a long-term
> >> > play."
> >> >
> >> >
> >> > With a market capitalization of $12.8 billion, Ford has seen its value
> >> > plunge by some 80 percent since 2001, when U.S. auto sales began
> >> > trending lower.
> >> >
> >> >
> >> > Ford was advised by Goldman Sachs, HSBC and Morgan Stanley. Tata was
> >> > advised by JP Morgan and Citigroup.
> >> >
> >> >
> >> >
>
>
they help pay for the war in Iraq, Afghanistan and elsewhere.
Jai Maharaj
http://tinyurl.com/24fq83
http://www.mantra.com/jai
http://www.mantra.com/jyotish
Om Shanti
In article <47ec034a$0$4063$bbae4d71@news.suddenlink.net>,
"harmony" <aka@hotmail.com> posted:
>
> i think bush administration is not worried one bit; they are so devoted to
> "free-trade". citibank sold a big stake of their ownership to some arabics
> for a song. same for meryl lynch. if usa sells of majority control of its
> big banks to foreign ownership, it most certainly will have political
> implications. with the huge national debt of astronomical dimesnions, it is
> not hard to see usa selling more and more of its prime assets. god knows
> what kind of agenda these foreigners will have then. i want to go some place
> where i don't have to read news.
>
>
>
> "Straydog" <arthures@vtisp.com> wrote in message
> news:4a075e96-0098-45e9-a53f-8e4338520054@p73g2000hsd.googlegroups.com...
> > (see quoted material below)
> >
> > You should really TRY to understand that so called FDI takes place in
> > both directions. There are US companies (and private equity) buying up
> > companies overseas just as there are companies and private equity
> > overseas buying up US companies. If you ever have a llook at
> > ownerships, say, between the US and Canada, the amounts invested are
> > within about one percent. The same is true in terms of Europe vs the
> > USA; the difference in FDI iis about 1-2% at most. One source I read
> > said that of all new companies/factories in China, 40% are US-owned,
> > and another 40% are Japanese-owned. The other 20% are owned by China.
> >
> > So, before you get excited about current news, consider the background
> > history going back 10-20 years.
> >
> > harmony wrote:
> >> america is being sold like fire sale.
> >>
> >>
> >> <nkdatta2466@bigmailbox.net> wrote in message
> >> news:a043501b-cf73-4e59-8e9f-c82c323a2be1@8g2000hse.googlegroups.com...
> >> >
> http://www.washingtonpost.com/wp-dyn/content/article/2008/03/26/AR20080326006
> 44.html?hpid=moreheadlines
> >> >
> >> >
> >> > Reuters
> >> > Wednesday, March 26, 2008; 1:39 PM
> >> >
> >> >
> >> > Tata to buy Ford brands for $2.3 billion
> >> >
> >> >
> >> > MUMBAI/DETROIT (Reuters) - India's Tata Motors Ltd announced a $2.3
> >> > billion deal on Wednesday to buy Jaguar and Land Rover from Ford Motor
> >> > Co, a transaction that gives the Indian automaker a line-up ranging
> >> > from the world's cheapest car to some of its more expensive.
> >> >
> >> >
> >> > For Tata, which plans to launch the ultra-cheap $2,500 Nano or
> >> > "People's Car," the addition of the profitable Land Rover brand
> >> > provides an edge against Indian rival Mahindra & Mahindra Ltd, which
> >> > had also pursued a deal with Ford.
> >> >
> >> >
> >> > Ford, for its part, gets to shed the money-losing Jaguar brand and
> >> > gains a cash infusion at a time when the U.S. market is slumping and
> >> > it is attempting to bounce back from combined losses of more than $15
> >> > billion over the past two years.
> >> >
> >> >
> >> > The sale price is roughly 40 percent of what Ford paid for the two
> >> > brands. Ford acquired Jaguar for $2.5 billion in 1989, but failed to
> >> > turn the British nameplate into a higher-volume brand. Ford paid $2.75
> >> > billion for Land Rover in 2000.
> >> >
> >> >
> >> > The deal also underscores the shifting balance of power in the global
> >> > auto industry, where India and other emerging markets are expected to
> >> > account for almost all of the growth in production over the next five
> >> > years. None of the established European automakers, including BMW AG
> >> > or Daimler AG, pursued Jaguar and Land Rover.
> >> >
> >> >
> >> > They face a new competitor in Tata Group Chairman Ratan Tata, a jet-
> >> > flying businessman, and his Tata Motors, India's No. 3 car maker and a
> >> > unit of the far-flung Tata conglomerate that got its start making
> >> > locomotives after World War Two.
> >> >
> >> >
> >> > Ford will contribute up to $600 million to Jaguar and Land Rover
> >> > pension plans after the closing of the deal, expected in the second
> >> > quarter. Ford will also continue to supply engines and related
> >> > components, while providing financing for dealers for up to a year,
> >> > both companies said. Ford will net about $1.7 billion, in line with
> >> > expectations.
> >> >
> >> >
> >> > Ford is selling Jaguar and Land Rover to focus on turning around its
> >> > money-losing operations in North America. Ford says it is on track to
> >> > return to profitability in 2009, although its restructuring has been
> >> > complicated by a U.S. economy at risk of tipping into recession and
> >> > its own more limited success in buying out high-wage union workers,
> >> > analysts have said.
> >> >
> >> >
> >> > "It certainly gives them a little bit of cash," Erich Merkle, an
> >> > analyst at Michigan-based IRN Inc said of the impact of the deal on
> >> > Ford. "It would stop the bleeding (caused by Jaguar) and allow them to
> >> > focus resources."
> >> >
> >> >
> >> > With the deal, Ford disbands its Premier Automotive Group, whose only
> >> > remaining brand is Volvo. Analysts expect Ford eventually to spin off
> >> > the safety-oriented Swedish auto brand, but only after returning it to
> >> > profitability.
> >> >
> >> >
> >> > Tata Motors shares closed down 0.1 percent at 679.40 rupees in a
> >> > Mumbai market. Ford shares were down almost 2 percent at $5.90 on the
> >> > New York Stock Exchange.
> >> >
> >> >
> >> > NOW THE HARD PART
> >> >
> >> >
> >> > Analysts have expressed concern about how Tata Motors would fund the
> >> > deal and how it would fit the luxury brands into its stable of trucks,
> >> > buses and cars, including the planned Nano, the world's cheapest car.
> >> >
> >> >
> >> > Tata has announced plans to raise $4 billion, which is expected to
> >> > help finance the Ford deal and the manufacture of the Nano, which it
> >> > unveiled in January.
> >> >
> >> >
> >> > The deal comes at a time when tight credit markets have raised
> >> > borrowing costs and shut down deals. Standard & Poor's placed Tata
> >> > Motors on review for a possible downgrade in January, citing the
> >> > potential increase in its debt load from the acquisition of Jaguar and
> >> > Land Rover.
> >> >
> >> >
> >> > The Tata Group has made a number of overseas takeovers in recent
> >> > years, including last year's $13 billion buy of Anglo- Dutch
> >> > steelmaker Corus by Tata Steel Ltd.
> >> >
> >> >
> >> > Kimberly Rodriguez, principal at Grant Thornton, said Tata's track
> >> > record with acquisitions showed it was willing to run brands
> >> > independently and said it was likely to do the same with Jaguar and
> >> > Land Rover, while pouring money into the brands in a way that Ford
> >> > could not.
> >> >
> >> >
> >> > "It would be a much more core product line for Tata than it would have
> >> > been for Ford," Rodriguez said. "Land Rover is critical because it
> >> > allows them to compete with Mahindra. Jaguar may be a long-term
> >> > play."
> >> >
> >> >
> >> > With a market capitalization of $12.8 billion, Ford has seen its value
> >> > plunge by some 80 percent since 2001, when U.S. auto sales began
> >> > trending lower.
> >> >
> >> >
> >> > Ford was advised by Goldman Sachs, HSBC and Morgan Stanley. Tata was
> >> > advised by JP Morgan and Citigroup.
> >> >
> >> >
> >> >
>
>