CarMaking

Tata is India's leading maker of cars and trucks, and its American Depositary Receipts, or shares that trade on the New York Stock exchange, have been on fire. They've hit $30 per ADR, up from $16 last May. They could have room to run higher.

Remember General Motors? Taxpayers own 60% of this former world leader in cars, trucks and the like. Back in the 1950s, GM controlled half the market, but by the time it filed for bankruptcy in June 2009, that share collapsed to 19.5%. And between 2000 and 2009, GM's board kept on supporting CEO...