Ratan Tata: A Visionary Leader & Excellent Steward of JLR - Ford
By Rediff Money Desk, Mumbai Oct 12, 2024 17:21
Ford Motor Company chairman Bill Ford praises Ratan Tata as a visionary leader and excellent steward of Jaguar and Land Rover, highlighting his legacy as an inspiration for business leaders.
Mumbai, Oct 12 (PTI) Ford Motor Company chairman Bill Ford Saturday said he is "saddened" by the death of industry titan Ratan Tata earlier this week.
"Ratan was a leader of vision and integrity and proved to be an excellent steward of Jaguar and Land Rover," Ford said in a statement.
Tata's legacy will continue to inspire future generations of business leaders and entrepreneurs, Ford, the great-grandson of Henry Ford, said.
Tata, who is credited with taking the salt-to-software conglomerate to newer heights during the over two decades of leading it, died at a city hospital on Wednesday after a brief illness. He was 86.
In 2008, group company Tata Motors bought JLR from Ford for USD 2.3 billion in an all-cash deal.
Ford recalled that he had met Tata only once in person and described the meeting as "warm and cordial".
The two spoke about the challenges and joys of running family businesses and our mutual love of cars during the meeting, the 67-year-old Ford added.
Denying claims of Tata feeling "humiliated" at the meeting as described by one of the Tata group veterans who attended the meeting, Ford said some accounts of their meeting "could not be any further from the truth".
"Ratan was a leader of vision and integrity and proved to be an excellent steward of Jaguar and Land Rover," Ford said in a statement.
Tata's legacy will continue to inspire future generations of business leaders and entrepreneurs, Ford, the great-grandson of Henry Ford, said.
Tata, who is credited with taking the salt-to-software conglomerate to newer heights during the over two decades of leading it, died at a city hospital on Wednesday after a brief illness. He was 86.
In 2008, group company Tata Motors bought JLR from Ford for USD 2.3 billion in an all-cash deal.
Ford recalled that he had met Tata only once in person and described the meeting as "warm and cordial".
The two spoke about the challenges and joys of running family businesses and our mutual love of cars during the meeting, the 67-year-old Ford added.
Denying claims of Tata feeling "humiliated" at the meeting as described by one of the Tata group veterans who attended the meeting, Ford said some accounts of their meeting "could not be any further from the truth".
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.89 ( 0.00)
- 69758135
- Standard Capital
- 1.26 ( -16.00)
- 55792425
- GTL Infrastructure
- 2.37 (+ 4.87)
- 50169700
- Vodafone Idea L
- 9.18 ( -1.50)
- 27130818
- Jaiprakash Power Ven
- 22.33 ( -2.45)
- 21183721
MORE NEWS
Chennai Firm Gifts 28 Cars, 29 Bikes to Employees
A Chennai-based structural steel company, Team Detailing Solutions, has gifted 28 cars...
Eaton Expands Puducherry Facility, Doubles...
Eaton inaugurates a new electrical manufacturing facility in Puducherry, aimed at...
Karur Vysya Bank Opens 3 New Branches in Tamil...
Karur Vysya Bank expands its network in Tamil Nadu with 3 new branches in...