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Archive for October, 2011

Tata Makes Tough Choices To Repay JLR Loans

The repayment for loan taken by Tata Motors to acquire famous British car brands Jaguar and Land Rover gets difficult by the day. It is learnt that Tata Motors now plans to issue bonds to raise Rs 5000 Crore to refinance part of the Rs 10000 Crore 2 billion bridge loan.

Remember that Tata Motors had taken a total of Rs 15000 Crore 3 billion to finance the acquisition of the marquees from Ford Motors. The money was raised by a consortium of banks that included Indian and international financial institutions. The loan and the deal were overseen by the Citigroup and JP Morgan that acted as the lead managers.

Tata Motors had paid a part of the loan Rs 5000 Crore 1 billion and is yet to repay the remaining amount.

Sources in banking sector revealed that State Bank of India and other banks will provide the guarantee for raising the funds from the issue of bonds. Tata is expected to release the bonds this year and will have a maturity period of 27 years. As another exercise analysts speculate that Tata will also use a part of the Rs 2500 Crore raised through booking for Tata Nano the worlds cheapest car. The company had garnered a total of 2.03 lakh bookings. However the hype surround the launch of the Nano car has forced auto analysts to predict 5 lakh bookings. The bookings amount deposited with Tata Motors will be used to refinance a part of the loan.

Tata Motors had raised the earlier Rs 5000 Crore after selling the rights issue and stake in Tata Steel and Tata Teleservices to other group companies. The remaining about is due for payment on June 1 this year.

Earlier the company had planned to raise funds through overseas equity issue and sale of some of its investments made in the Tata Group. This could realize any funds as the world markets slumped suddenly and many countries were caught in the economic crisis. Tata rethought all the avenues possible and hit upon the idea that a large portion of funds could be raised by way of bonds.

While half of the repayment will be met by way of bonds the remaining half will be raised through term loans speculate analysts However the biggest challenge before the company is not only to repay the loans but also to retain full control over the functioning of JLR. The UK government wants to have a greater say in the functioning of its favourite car brands. Meanwhile JLR is asking for financial guarantees for which Tata has approached the UK government for help If caught I the midst of different interest that clash together Tata Motors has little chance of continuing its ownership. On the face of it it appears that Tata Motors cannot walk away from the JLR deal now as it has already made huge investments and is planning on restructuring the plants. JLR has three production facilities and has nearly 16000 workforce. Tata is also busy launched its new Jaguar models that has created sensation in the automotive world. But Land Rover is yet to pick up from the economic downturn

Tata Motors has its task cut out even as it deals with several conflicting interests. Tata may b forced to sell off some of its overseas interests to repay the loan if economic conditions worsen. That wil not be good for the company in the long run.

About the writer:  Carazoo.com

Used Japan Cars Vs Used Cars From Other Countries
span style=”fontsize: 12pt; fontfamily: Times New Roman;”>Importing used cars from other countries is a passion for some people. Car lovers around the planet prefer to buy cars manufactured in Japan and USA. When it comes to performance and reliability people prefer the Japan cars. The Japanese automotive gurus like Toyota Nissan and Honda have gathered International attention due to their reliability and great performance. People prefer the American ones as the automotive giants like General Motors Chrysler and Ford have been around us with great popularity for quite a long time. However when it comes to making a choice of importing used cars the Japanese used cars are the better options. Here is a comparison of importing used Japan cars and importing the ones from the States.

The sparingly used Japanese cars

The Japanese car owners are known to maintain their cars in good condition. Unlike the car owners in other parts of the world who use their cars often the Japanese car owners will sparingly use their cars. The Japanese car owners will use other means of transport like scooters and motorcycles even if they own a car. On the other hand the cars in USA will be extensively used. Hence the condition of the used Japan cars will be far better than the American ones.

The Price Factor

Used Japan cars are popular around the planet for cheap pricing. You will be able to buy a used Japan car for half the price you spend for buying them from other countries. Apart from the cheap pricing the used Japan cars will be bundled with lots of accessories. Hence by buying a used Japan car you will be able to get very costly car accessories for free. Moreover you wont have to spend a single penny on maintenance as the used Japan cars will be well maintained by the previous owner. The Japanese road law has strict policies in ensuring the condition of the car. Hence if you import used Japan cars directly from you dont have to worry about maintenance for quite a long time.

The Tax Factor

When it comes to importing used cars from other countries people will be overwhelmed with the import taxes that they have to pay. However importing a used car directly from Japan doesnt need any import tax to be paid. The true fact is that you can buy a used Japan car at the same price you pay as import tax for importing cars from other countries. The procedures and the paper works involved in importing cars from Japan are very simple when compared to the other options. The clearance procedures for the used Japan cars are very liberal and hence you can import cars directly from Japan hasslefree.

All the above mentioned factors make importing used Japan cars more profitable and convenient that importing used cars from other countries.

About the writer:  Buying used Japan cars is beneficial in many ways. With the cheap pricing and lots of bundled accessories you can make great savings by buying used Japan cars. That is why the Author of the article writes articles explaining the benefits of buying used Japan cars. When it comes to buying used Japan cars she recommends Woodstockcartrading.

Get The Extraordinary Collection Of Marine Engines From Hiperformer

If you love your boat and if you want to enhance its performance then the best option is to keep an eye on its servicing and maintenance. Just like vehicles boats also require timely servicing and periodical checkup to ensure removal of all problems. Thus if you want that your boat should benefit you for a longer period of time then it is very important to look for the crucial things like timely servicing and most importantly replacement of the worn out parts or even boat engines.

Replacing old marine engine:

For ensuring better performance and to provide longevity to your boat it is very important to go for replacing the old or damaged marine engine of the boat. Replacing the old boat engine is very important because it not only results in reduced performance but can even lead to serious accidents. Thus it is more than necessary to replace the worn out parts or boat engines as and when required.

Problem while replacing boat engines:

Though most of the boat owners are well aware of the fact that it is very important to replace the old marine engine for better performance and for lowering the risks of fatal accidents still they tend to ignore this aspect. But what is the reason behind such behavior?

The answer to above question lies in the fact that the brand new boat engines are very expensive and so it is not possible for most of the people to go for replacing their old marine engine with the new one. But then is it not possible to have any other alternative for this problem? Is there no other option available by which one can replace the old engine that too without paying a very good amount of money? The answer to these questions is yes it is possible to have good quality marine engines that too without spending huge amount of money. If you want to know how then remanufactured marine engines is the answer for your query.

Remanufactured engines: The cost effective solution

As brand new engines and other marine parts are very expensive as an alternative you can go for buying the remanufactured engines or parts that are not just best in quality but are even very affordable. The best part of remanufactured engines is that they are manufactured by the original manufacturers so it is sure to get the same quality like the new ones and as they cost as less as nearly 50 less than the original engines they can be easily purchased by everyone. So the most cost effective solution for damaged engine and other parts is remanufactured engine or parts.

Remanufactured marine engines: where to buy?

If you want to know the best place from where you can buy the remanufactured marine engines that are free from all odds and that are tested for their performance then Hiperformer is the name of an online store you must opt for. Hiperformer is a company located in Washington that is known to offer only the best quality remanufactured marine and auto engines that are not just best in quality but are very reasonable in prices also. It is one of a kind store that maintains the largest inventory of rebuilt engines that are sure to solve all your problems related to boat engines. So don’t waste time and grab the opportunity of buying the best engine for your boat now!

About the writer:  Buying marine engine is not a problem anymore. Go for the best boat engines from Hiperformer now!