Monday, October 24, 2011
No, not boobs
Tata Motors (TTM), based in India, manufactures and sells compact cars and commercial vehicles internationally. With corporate offices in England, South Africa, Korea and Spain, they generated $27b in revenue worldwide last year. They have 5.9m cars on the road in India today, in addition to being the world's fourth largest truck manufacturer and third largest bus manufacturer. Their vehicles sell throughout Europe, Africa, Asia and the Middle East. Domestically, Tata's presence in the U.S. is primarily through Land Rover and Jaguar, two brands they bought from Ford at the start of the recession in 2008. The stock currently trades below $20 and is categorized in a sector that we have never purchased.
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