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drivelines: Buy a stake; motoring world.

INDIAN car firm TATA has taken the unusual step of appealing to the public for cash as the country's third largest auto maker struggles to refinance its acquisition of Ford's luxury Jaguar and Land Rover brands earlier this year.

The company, which is one of the most prominent of a series of Indian firms to have made acquisitions during the liquidity boom, is offering to pay as much as 11% annual interest to anyone who enters into a fixed deposit scheme with the group.
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Title Annotation:Features
Publication:Evening Gazette (Middlesbrough, England)
Date:Dec 5, 2008
Words:84
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