💨 Abstract

In 1999, Ratan Tata, the head of Tata Motors, was insulted by Ford executives during a meeting in which they expressed interest in buying Tata Motors' car business. Tata declined the offer, and nine years later, when Ford was facing bankruptcy due to the Great Recession, Tata purchased Ford's iconic brands Jaguar and Land Rover for $2.3 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖