Wadia gets acquired

In recent years I got the impression given the problematic product launches and repeated delays relating to upcoming products that Wadia is a company that is desperately in need of improved management/cash flow.

I hope this takeover means that Wadia will actually be able to hit release dates from here on out and reclaim some of the luster it has lost in recent years.

Sometimes a company needs a bigger company to put them backon track. Great designers/engineers aren't always the best business people. Not talking about design and part selection, but everything else - marketing, distribution, production, human resources management, etc. So long as the design and assembly aren't compromised, it may be a very good thing. It may keep them around for longer than they'd have been without it.

I thought Wadia had gone under before to resurrected. Please correct me if this is not the case. Bob