Tata could buy stake in Ferrari

By Gus #1, Posted: 3/7/2008

I have nothing against India, or thier people.
But they have such poverty, such poor living conditions in so many places, I'm surprised that companies like this are looking at niche marques rather than focusing on generating profit and jobs in thier own country.
Focus on imporving your own country and the poor guy in the slum before you appeal to the millionaires overseas, hmmm?

By Joot Poot #2, Posted: 3/7/2008

haha, I've always dreamt about owning a Ferrari, but this dude always dreamt about being a Ferrari shareholder? That's the difference between the billionaires and the common folk I guess.

and Gus!! I don't know what country you're from where the major corporations actually look out for the common good of the people instead of their own profits, but wherever it is, send me an invite! lol

By chris #3, Posted: 3/7/2008

joot, he lives in america where it is every man for himself. but i can see where hes going with this, at least regardless of who you are in the states, you can make it big if your smart or skilled otherwise. india; not so much.

just this week we were reminded how the model T and the work forces it produced literally brought all of north america out of being second or third world countries and gave us the developed economies that we have today.

you'd hope that TATA would do the same thing with the nano. just throw everything you have at it.

By mark #4, Posted: 3/7/2008

Hmmm the nanno is rear engine, rear wheel drive........Lets put a body kit on it with a huge rear wing and call it a Ferrari. Yay at last I could afford one.

By SuperSkyline89 #5, Posted: 3/8/2008

Wow, they're really expanding.

Gus, India is the second largest country in the world with a population over a billion. A quarter of which live under the poverty line. How any company would be able to bring 250 million people out of poverty I don't know. Poverty is one of those things that is impossible to end unless the whole world gets in on it. That includes the local government. The governments of poverty stricken countries are pretty damn corrupt, they need to start worrying about their own citizens if anything can happen. If history is any indication, that won't happen any time soon.

By justin #6, Posted: 3/8/2008

i agree with superskyline89 and tata is a independant company not from the govt so y would they care bout peverty. but its awkward a indian company is tryin to buy stakes with ferrari thats lik tellin honda to buy lamborghini

By VJ #7, Posted: 3/9/2008

Gus, do you know how big a company Tata is and how much they have done for India? They have been around for nearly 100 years. Almost all the trucks which move supplies from different part of the country past 50 years are made by Tata. They were the first company to build the first completely Indian made car and now building a car even the poor people can make an attempt to buy. There is nothing that Tata can do to improve poverty.

First and foremost India has changed. Govt. has done a lot help the poor and poverty is not as rampant as it used to be 20 years back

Get yourself an education before you make comments Gus! You talk as if there is no poverty what so ever in US and every goddam person is millionaire there.

By SuperSkyline89 #8, Posted: 3/9/2008

Whoa, VJ, chill out man.

My family is from India but your comments about the U.S. aren't well thought out. Obviously there's poverty in the U.S. but that poverty is nothing compared to India. India's poverty is at a level that no one in America can appreciate fully. Indian poverty isn't living in a government subsidized house with no electricity or very little food. Those people live in conditions that can be considered hell on earth. Poverty in America is a cake walk compare to poverty in India.

By ChaMp #9, Posted: 4/27/2008

For those of you that are very ill-informed about this topic, unlike the rest of the developing nations around the world, India is actually doing something about poverty and companies like Tata are a perfect example of the change taking place. I don't know if you guys have been keeping up to date with the current affairs, but just to let you know, India is currently the second fastest growing economy in the world, not far at all behind China. Whereas the third fastest growing economy is miles behind. It is actually predicted that within the near future India would reach SuperPower status (not just first world country status). Besides, it was England and the west that brought India to the state it was in, we're actually doing something to bring it back up now. This economic boom going on in India has reduced the poverty rate in India and will continue to do so.
Yes, poverty still exists in India, but things are changing, and they are changing at a very significant rate. Hence, you see all your jobs being outsourced to India, all your companies being bought by Indians (corus is another good example), and all your countries looking for any opportunities to trade with India. Weather you like it or not, we're the future!