Word: britishized
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...pictures of British soldiers in Afghanistan...
Business cycles can be capricious, as officials for Tata Motors are discovering. During India's economic boom, the country's largest automobile manufacturer burst onto the international stage by acquiring fabled British luxury marques Jaguar and Land Rover for $2.3 billion. The company grabbed more attention last year when it unveiled the Nano, a potentially revolutionary sedan designed for emerging markets with a pricetag less than some laptop computers. Tata Motors, it seemed, was a carmaker in high gear...
...bigger challenge financially is the JLR acquisition. Analysts say Tata Motors overpaid when it bought the loss-making British brands from Ford Motor in June, 2008. Just before the deal was announced, JLR reported an annual profit for the first time since it was acquired by Ford (the U.S. carmaker bought Jaguar in 1989 and Land Rover in 2000). But in the months leading up to the completion of the deal, sales of luxury cars and SUVs tanked as the global credit crisis worsened. JLR slipped back into the red, losing $383 million in the first half...
That impression was given traction by the revelation that a U.S. official had written a letter to the British courts at the request of the Foreign Office warning of the risks for future intelligence sharing between Britain and the U.S. if London released U.S. classified material. Some press reports interpreted this as evidence of collusion to withhold the requested material. But a senior Foreign Office official says the British government had urged counterparts in America to provide the information requested by Mohamed's legal team. "We were saying to the Americans we think you should disclose this material to Mohamed...
Arguments about how and why Mohamed ended up in Guantánamo and what happened to him on the way there will rumble on. Stafford Smith doubts that the British authorities will bring any fresh charges against his client but sounded a defiant note at the press conference: "If anyone wants to put him on trial," he said, "in the immortal words of George Bush 'Bring it on.' " After years of captivity, it seems doubtful that Mohamed would meet any new challenge in that bombastic spirit...