Financial Times FT.com

Troublesome trophy

By Joe Leahy and John Reed

Published: July 30 2009 23:11 | Last updated: July 30 2009 23:11

Ratan Tata, Phil Popham...Tata Group Chairman Ratan Tata, left, and and Land Rover Managing Director, Phil Popham, pose during the India launch of Jaguar, left, and Land Rover, right in Mumbai, India, Sunday, June 28, 2009. India's Tata Motors said Friday that it suffered a loss of 25.05 billion rupees ($521.8 million) after taxes in the past fiscal year as the global meltdown exacted a toll on the auto industry worldwide. Tata had acquired Jaguar Land Rover in June 2008.(AP Photo/Rajanish Kakade)

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