Ford Motor Firm chairman Invoice Ford on October 12 expressed grief over the loss of life of business titan Ratan Tata. “Ratan was a frontrunner of imaginative and prescient and integrity and proved to be a wonderful steward of Jaguar and Land Rover,” the Ford chairman mentioned in an announcement.
Tata’s legacy will proceed to encourage future generations of enterprise leaders and entrepreneurs, Ford, the great-grandson of Henry Ford, mentioned.
Tata, who’s credited with taking the salt-to-software conglomerate to newer heights in the course of the over 20 years of main it, died at a metropolis hospital on October 9 after a short sickness. He was 86.
Ford recalled that he had met Tata solely as soon as in individual and described the assembly as “heat and cordial”.
We spoke concerning the challenges and joys of working household companies and our mutual love of automobiles in the course of the assembly, the 67-year-old Ford added.
Denying claims of Tata feeling “humiliated” on the assembly as described by one of many Tata group veterans who attended the assembly, Ford mentioned some accounts of their assembly “couldn’t be any farther from the reality”.
In 2008, Tata Motors purchased JLR from Ford for $2.3 billion in an all-cash deal.
