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Shareholder activist Evelyn Davis thinks Tata sells cars to “low outcasts” not suitable for Jaguar and Land Rover
Shareholder activist and “Queen of the Corporate Jungle” Evelyn Davis is not happy about Ford Motor’s planned sale of British brands Jaguar and Land Rover to Indian automaker Tata Motors. And when Evelyn Davis is not happy about something, she makes sure people know it.

At the annual Ford shareholders meeting on Thursday, Davis, who grills CEOs at hundreds of annual shareholder meetings, called the sale “outrageous” and urged shareholders to vote against the entire board except Executive Chairman Bill Ford Jr.

”Tata sells cars that are $2,500 to the lowest of the low outcasts of India,” Davis said, adding that Jaguar represented elegance and exclusivity. “How could the board sell us out to an outfit like that who sell to people like that.”

Ford has agreed to sell Jaguar and Land Rover to Tata in $2.3 billion deal that gives Tata a line-up ranging from the world’s cheapest car to some of its more expensive.

Davis also urged Ford to dump Chief Executive Alan Mulally, hired from Boeing in 2006, because he was “not a car guy.” She urged Bill Ford Jr, who had stepped down from that position to hire Mulally, to retake the CEO position.

“I think you should go back to Boeing,” she told Mulally.

Bill Ford defended Mulally’s record as CEO, saying that his management has moved the turnaround quicker “than anyone thought he could.”

After a repeated exchange with Bill Ford Jr., and requests for details on the company’s hedging practices for currency rates and commodity costs, and questions on the amount of legal fees it has to pay each year, Davis said: “Remember one more thing, a prime minister only serves at the pleasure of the king, and I want the king back,” she said.

“If you are referring to me, thank you, but …,” Ford said. (The rest of his response was drowned out by Davis)

“I want to dump all of the directors except you because you are my king, and you delivered me my Jaguar personally.”

“I paid a regular price by the way, for those who didn’t know that.”

Well, who knew Prime Minister Davis owned a Jaguar? Stay tuned for another set of interesting Davis comments — sure to come at GM’s annual meeting scheduled for June. Read Article



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TauronB2GTauronB2G - 5/10/2008 10:12:44 PM
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Isn't she a little late. While I agree with her (except for the Bill Ford thing) isn't she about a month late and a couple of billion short?
T

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Batman219Batman219 - 5/10/2008 10:24:49 PM
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This is why giving women equal rights was a bad idea. In the words of the Ancient Roman Senator Cato the Elder, "If you allow them to achieve complete equality with men, do you think they will be easier to live with? Not at all. Once they have achieved equality, they will be your masters."

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ChipChip - 5/11/2008 3:25:35 AM
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EVERYONE deserves equal rights you moron. Just cause this woman sounds like a total b*tch doesn't mean they all are. You belong in the year 1908.. not 2008.


S4cabriofoxoneS4cabriofoxone - 5/10/2008 10:45:59 PMView My AgentSpace
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What an idiot. She probably has no clue of Tata's money, competence and prominence in the WORLD as a whole? It is a MASSIVE corporation. Jaguar and LR will be treated right, in their own little fancy corner if the company. In fact, I'll go as far as to say it will do a much better job than Ford.

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TECHGEEKTECHGEEK - 5/11/2008 2:08:14 PM
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I agree with S4cabriofoxone - Tata is a rising company in one of the rising nations in our world -> Go China/Go India and rise again America - European Union is at the top of the new world order ;-)


2JayZee2JayZee - 5/10/2008 10:57:18 PM
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Wow. Stunned. I can't even think of an appropriate response to this.......

Ugh, I think the editor will drown out what I have to say in english, so

For Ms.Davis.."que te vaya a chingar a tu puta madre".

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RupertRupert - 5/11/2008 3:05:33 PMView My AgentSpace
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lol.


M53RM53R - 5/11/2008 8:00:56 AMView My AgentSpace
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Well I think Tata buying Jag and LR was better than them losing money and going bankrupt on Ford management. She needs to keep her mouth shut next time.

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SteedPubSteedPub - 5/11/2008 12:10:37 PM
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Proof it does not take brains and class to have money.

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LyallLyall - 5/11/2008 3:12:05 PM
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Tat is a $75 Billion group. It is also the world's ONLY corporation where 97% of ALL ASSETS are held by charitable trusts. These trusts are engaged in building schools, hospitals, planting forests,sewage treatment plants across India, and 7 other countries.

Tata has given more BLIND children across India and Africa their eyesight back, than all of American or British corporations combined. It is also 147 years old- which makes it exactly 69 years older than Jaguar itself.

Maybe this educated, yet pathetic woman who inherited her wealth should stop showing herself up for the lowly, uncouth swine she is.

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jt716jt716 - 5/11/2008 8:03:22 PMView My AgentSpace
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She should just shut her F***ing mouth. To challenge Alan Mullaly who is actually turning this whole company around and trying to kick off the Bill Ford Jr who I respect for admitting that hes not made to be CEO. She should think before she open that blackhole of hers. Tata is one of the best companies that can handle Jag and Land Rover and I think this is mostly racism on her part just because TATA is INDIAN and she can't handle it. Lady JUST DIE ALREADY the world will be a better place.

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topneurotopneuro - 5/11/2008 9:54:46 PM
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It is all about the image of a car company.
DeLorean got a better offer from Puerto Rico to build DeLoreans in Puerto Rico but chose to go Ireland instead for the “European” car company snob image.
Now you can get your DeLorean from Texas.
The Indian car company will not deliver the snob factor, she cannot help it, she has the snob gene.


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S30GTRS30GTR - 5/11/2008 10:06:20 PM
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i think jaguar and land rover should sell as low as tata now. i mean, they're all worthless.

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amazinBimmeramazinBimmer - 5/12/2008 12:52:32 PM
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Tata is a high class company...

it kicks ass..

stupid chick


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