india carmakers Subscribe
Mahindra profits tank 99% amidst currency woes
You think that General Motors and Chrysler are in trouble? Take a look at India's largest SUV-maker, Mahindra. It posted a whopping 99% drop in profits last quarter due to the double blow of a 26% sales dip and a "currency loss." The lack of interested car buyers is an all-too-familiar theme, but the currency loss is more complicated. In a statement, Mahindra said the loss was due mostly to "cancellation of forward covers entered into by the company to hedge certain anticipated exports." Translation: the company invested in the currency ... Read more →
Featured:First Drive:Iacocca 45th Anniversary Edition Ford Mustang is one sterling 'Stang
Breaking:Toyko 2009 Preview: Toyota FT-86 Concept brings back the Hachi-Roku-
Officially Official: Dodge splits off Ram brand with new exec appointments -
Honda Chief: "Hyundai is awesome." -
By The Numbers - September 2009: Post C4C, We're All Alright Edition -
Green:AltCar 2009: Touring the show with the Governator
Breaking news:
- Sneak Peek: 2011 Ford Shelby GT500 w/ SVT Performance Package [w/video] Report: Ford issues TSB fix for brake pedal on Fusion/Milan Hybrid models [w/video] Toyota admits Prius had a braking problem *UPDATED BREAKING: LaHood says stop driving recalled Toyotas until they're fixed [UPDATED: LaHood retracts statement] LaHood: Getting Toyota to recall took "enormous effort," calls automaker "a little safety deaf"
Mahindra profits tank 99% amidst currency woes 1 year ago on Autoblog
You think that General Motors and Chrysler are in trouble? Take a look at India's largest SUV-maker, Mahindra. It posted a whopping 99% drop in profits last quarter due to the double blow of a 26% sales dip and a "currency loss." The lack of interested car buyers is an all-too-familiar theme, but ...
Sneak Peek: 2011 Ford Shelby GT500 w/ SVT Performance Package [w/video]
Report: Ford issues TSB fix for brake pedal on Fusion/Milan Hybrid models [w/video]
Toyota admits Prius had a braking problem *UPDATED
BREAKING: LaHood says stop driving recalled Toyotas until they're fixed [UPDATED: LaHood retracts statement]
LaHood: Getting Toyota to recall took "enormous effort," calls automaker "a little safety deaf"
Family Feud: American Chopper's Paul Teutel Sr. reportedly sues Paul Jr. for over $1 million
Danica Patrick's GoDaddy.com ad banned from Super Bowl because of beavers
First Drive: 2010 Hyundai Tucson a green machine with few compromises
Obama signs Cash-for-Clunkers bill into law, countdown to start begins
Bernie Ecclestone to make even more money selling his car collection
Autoblog Podcast #164: Return of the Lieberman
Toyota recalls, 2011 Hyundai Sonata, 2011 Jeep Grand Cherokee, Tesla, a Mercury Focus, the Autoblog Garage, and more!
Featured Galleries
Find Your Next Car
Autoblog Video
Our Writers
Damon Lavrinc
Senior Editor
Chris Paukert
Executive Editor
Alex Nunez
Weekend Editor
WIN Network
- Autos
- Technology
- Lifestyle
- Gaming
- Finance
- Entertainment on AOL
- Lifestyle on AOL
- Sports on AOL
- Travel on AOL
- Also on AOL
