Excite

Tata Carl-Peter

The chief executive of Tata Motors, Carl-Peter Forster, the Indian carmaker that owns Jaguar Land Rover, has unexpectedly resigned from his post.

Forster, who joined the company last year, helped turn around the fortunes of the misfiring firm during his short tenure.

Ratan Tata, chairman of Tata Motors, said: 'The Board respects Carl-Peter's personal circumstances that led to this move. We would like to thank him for his contributions to the successful development of our company in his role as Group chief executive and managing director.'

Forster's departure is reportedly due to personal circumstances. He said: 'I deeply regret that my personal circumstances make it difficult for me to continue to perform the challenging duties of managing the thriving global activities of the Tata Motors Group.'

Meanwhile, BMW's sales look rosier than ever, with the world's biggest posh car maker recording its best ever August total sales, despite the financial crisis.

Ian Robertson, BMW director for sales and marketing, said: 'We expect our growth to increase to double-digit figures in September and we are absolutely on track to achieve our goal of more than 1.6m vehicle sales in 2011.'

United Kingdom - Excite Network Copyright ©1995 - 2018