Tata Motors Appoints Marc Llistosella As CEO And Managing Director
Tata Motors Appoints Marc Llistosella As CEO And Managing Director
Llistosella was most recently the President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia.
2,057 Views View Photos
Tata Motors has announced the appointment of Marc Llistosella as the Chief Executive Officer and Managing Director of the company effective July 1, 2021. Llistosella will replace Guenter Butschek who had informed his desire to relocate to Germany at the end of the contract for personal reasons but will continue as the MD & CEO till 30th June 2021. Butschek lead Tata Motors for the past 5 years and was at the forefront of its transformation.
Read more about Tata Motors appoints Marc Llistosella as new CEO and managing director on Business Standard. Llistosella replaces Guenter Butschek whose five year tenure is coming to an end later this month
Author Bio
As a Motley Fool Industrial Specialist, I use my marketing and business background in the automotive industry to evaluate major automakers and other large industrial corporations. Follow me on twitter for tweets about stocks, cars, sports, and anything I find amusing.
Follow @DanielMillerTMF
What happened
Shares of
Tata Motors Limited (NYSE:TTM), a global automotive company known also for its Jaguar and Land Rover brands, jumped over 12% higher early Tuesday morning on news of a program in India designed to boost car sales.
So what
Investors might remember the cash for clunkers program with similar intentions to drive vehicle sales in the U.S. market, and India s own program details are set to go public within a couple of weeks. Broadly speaking, the program is intended to spur 10 billion rupees, or about $1.4 billion, in new investment and also create as many as 50,000 jobs. The vehicle scrapping program will likely involve private vehicl
Tainted IFS officer Abhay Kant Pathak, son Akash get bail PNN
Bhubaneswar: The Special Vigilance Court here Wednesday granted bail to IFS officer Abhay Kant Pathak and his son Akash. They were arrested in disproportionate assets (DA) case in November last year. The investigating agency could not file a chargesheet even after 60 days of the arrest, an official said. So both Abhay Kant Pathak and Akash got bail.
A 1987 batch IFS officer, Abhay served as the Additional PCCF (plan, programme and afforestation) and was all set to become the Principal Chief Conservator of Forests (PCCF) this June. However, the Vigilance sleuths raided his residence and other premises November 26, 2020 and arrested him for accumulating assets disproportionate to his known sources of income.
Share:
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is preparing the automaker for a “robust entry” into India, as he seemed to confirm on social media last Wednesday. India, a nation of over 1.37 billion is a comparable market to China, where the company has emerged as a leading purveyor of electric vehicles.
Does the Indian market present another golden opportunity for the Palo Alto, California-based automaker?
Laying The Groundwork: Last week, the Chief Minister of Karnataka said on Twitter that Tesla would start operations of an R&D unit in the state’s capital Bengaluru, known as the Silicon Valley of India. The preparations to enter India appear to be in full swing and the buzz is apparent even in Singapore where the automaker posted a job ad last Friday for a “Logistics Analyst” fluent in Hindi, a major language spoken in North India, according to local media.