Indian automaker Mahindra and Mahindra is hoping to close a deal on Aston Martin by the end of this week, having topped a previous offer from Italian private equity firm InvestIndustrial.
is an Indian automaker who has been trying to break into the American market for some time. Watch for a small truck from them in the future.
After a failed U.S. launch that resulted in lawsuits and lost dollars, Indian aautomaker Mahindra & Mahindra is setting up a technical center in the Detroit suburb of Troy, once again with hopes of bringing the brand to the States.
Following a lawsuit filed on June 4, Indian automaker Mahindra is refuting the allegations that it $9.5 million cash and an additional $100 million in trade secrets.
Six years ago, Mercedes-Benz unveiled its new GL Class crossover, a full-size vehicle designed specifically for the North American market, at the 2006 North American International Auto Show. Enjoying quite a bit of commercial success, Mercedes-Benz now prepares to unveil a refreshed second-generation 2013 GL Class for the upcoming New York Auto Show. Details are…
The relationship between Indian automaker Mahindra and Mahindra and Global Vehicles USA is finally severed, thanks to an arbitrator, but the six-year tale that lead to this divorce takes a little more telling than that. When Mahindra decided to market a light truck in the U.S., it turned to company Global Vehicles USA. That was…
Reportedly talks are underway between Mahindra & Mahindra and Saab’s administrators, though so far, as to which Saab assets are up for grabs, little has been revealed, Mahindra & Mahindra in particular, remaining very tight lipped on the matter.
Is America ready for another strange-sounding offshore nameplate? That answer seems irrelevant in light of Ssangyong’s new plans to introduce their vehicles in America by 2016, with a goal to be in the marketplace by 2013. Ssangyong has a history of making fairly rugged SUVs that have been sold in global markets. While their previous…
Perhaps he’s referring to Imperial miles per gallon instead of US measurements – even still, 21 mpg US results in 25 imperial miles per gallon and the Mahindra truck would have to get at least 25 mpg US on the highway to achieve the hallowed 30 mpg (Imperial); there’s also the factor of variables such as climate and different testing conditions to consider.
India’s Mahindra will buy troubled Korean carmaker Ssangyong for $463 million, with Mahindra gaining a 70% stake in the company. The deal is expected to conclude in March, 2011. “Together with its financial capability, Mahindra offers competence in sourcing and marketing strategy while Ssangyong has strong capabilities in technology,” Mahindra President Pawan Goenka said in…
Yet despite his optimism it looks like this little truck might already be a lame duck. Maindra brass have said there is still no ‘planned date’ for a US introduction.
Beleaguered Indian truck manufacturer Mahindra has had their American launch delayed indefinitely, thanks to a series of legal battles between Mahindra and vehicle importer Global Vehicle Sales USA. Global Vehicles argues that Mahindra wrongfully terminated the contract between the two companies. “The bottom line here is Mahindra now believes this is a huge project. They…
Mahindra is also sticking fast to it’s claims that the contract between it and Global has expired and it is free to pursue it’s own channels of distribution for the trucks in the US.
Now that they have, Mahindra still wants to rescind the contract between it and GV, but there’s evidence to suggest that the company’s argument won’t hold up in court.
Now, that clause has come to mean something slightly different: GV, having invested several million dollars up front to secure a distribution network for the trucks is now out in the cold and Mahindra is washing its hands clean.
According to an official press release on Mahindra’s US website “the agreement dated 26th September 2006, between Mahindra and GV” has been “terminated.”
India’s Mahindra has nearly completed a purchase of Korean carmaker circus freakshow Ssangyong, maker of the world’s ugliest vehicles. “We give the takeover candidate (Mahindra and Mahindra) an exclusive right for negotiation, and won’t be involved in any takeover-related activities with a third party,” Ssangyong said in a statement. Financial terms were not announced but…
The trucks will be powered by a modified version of the ‘Hawk’ 2.2-liter in-line four-cylinder diesel, which will employ exhaust urea injection to help meet US smog requirements.
According to Mike Geylin, spokesman for GV USA, Mahindra has repeatedly dragged its feet regarding the launch date and the lawsuit “seeks to compel the Indian company to honor it’s contractual obligations.
However, according to a statement from Pawan Goenka, Mahindra’s President of Automotive Operations, the US launch has been postponed – from Spring until December 2010.