Tata Motors in Trouble |
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Excerpts Contd...The Nano Project - A Nightmare
Is the Worst Over?In January 2009, Tata Motors announced that due to lack of funds it may be forced to roll over a part of the US$ 3 billion bridge loan after having repaid around US$ 1 billion. The financial burden on Tata Motors was expected to increase further with the pension liability of JLR coming up for evaluation in April 2009...
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