Chrysler and Mahindra possibly seeking partnership
Reports are beginning to surface that Chrysler may be considering a joint venture with India's Mahindra & Mahindra and in the process might gain an equity stake in the automaker. The news comes soon after a report that Mahindra might be pulling out of a joint venture with Nissan-Renault to build a $1 billion plant in India. If Chrysler can shore up ties with Mahindra while simultaneously pursuing its new ventures with Russia's Gaz, its dwindling market share here in the U.S. may be less of an issue.
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