A day after striking a deal to acquire British automobile firms Jaguar and Land Rover for $2.3 billion, Tata Motors Thursday said it will turn the two companies around and make them profitable ventures again.
'As a consolidated entity the companies are profitable,' said C. Ramakrishnan, president and chief financial officer of Tata Motors. 'Jaguar and Land Rover will operate as two distinct entities owned by Tata Motors UK Holding Company.'
