D he traditional British brands Jaguar Land Rover have been part of the Indian group for two years Corporate conglomerate Tata, but have long been struggling with dwindling sales. Until a successor is found for Smith, Managing Director Ravi Kant is to lead the business.
Carl-Peter Forster as successor?
Jaguar Land Rover wants to cut salaries and pension payments for newly hired employees. Tata Motors had the brands in 2008 for 2.3 billion dollars from the US automaker Ford taken over. Last year, sales had slumped by 26 percent. There had been rumors of a change at the top for some time. The media had speculated last November that the former head of General Motors Europe (Opel /Vauxhall), Carl-Peter Forster, was also in discussion. Forster had Opel in November after the failed sale of Left GM and docked with Tata.