Ssangyong files applications with the US Patent and Trademark Office for the names "Tivoli" and "Luvent." Consumer Reports says the brand eyes entering the US market in the next two years with a subcompact crossover that will launch in other global markets next year, and a hatchback built on the same platform.
National Electric Vehicle Sweden (NEVS), owner of Saab, might not be dead yet, because the company is reportedly close to having a new owner with deeper pockets in near future. The declaration comes from the business's latest request to prolong its reorganization and includes the claim that NEVS has a signed letter of intent from an unnamed Asian automaker to take majority ownership of the beleaguered brand.
PSA Peugeot-Citroën already lost a lot of control of its automotive business earlier this year when Dongfeng and the French government each bought 14 percent shares of the struggling firm to keep it alive. The company's scooter division, one of the oldest in the world, is now facing a similar situation as Indian motoring giant Mahindra has offered to buy a 51-percent share of it for better access to the two-wheel market.
We're not yet ready to call it a trend, but rumors have been flying that a couple more major automakers have set their sights on motorcycle manufacturers to add to their portfolios. If they do, they'll be following in the footsteps of the Volkswagen Group, which gobbled up Ducati and put it under the Audi brand in its ever-growing stable of nameplates.
After a valiant effort, Indian automaker Mahindra eventually had to give up its attempt to bring a small, cheap pickup truck to the United States, but it hasn't completely given up. Korean automaker Ssangyong, which Mahindra controls, might have a confusing name, but it's taking the first, tentative steps toward bringing its inexpensive SUVs across the Pacific.
Big Oil companies help keep renewable fuels out of your tank, a new report shows. No surprise there, right? The Renewable Fuels Association published a report card grading the country's largest retail gasoline chains on fuel offerings like E85 and E15. The report gave failing grades, with less than one percent of stations offering E15 or E85, to "Big Five" companies Exxon, BP, ConocoPhillips, Chevron and Shell, among other oil company and convenience/grocery store brands. The only major oil comp
It's ironic that Saab's current vehicle architecture is called the Phoenix platform, because like the mythological bird, the company keeps returning from the ashes. That's right, the embattled Swedish automaker isn't completely dead yet. Again. Actually, it may be facing yet another buyout, and this time, the buyer may be from India.
Depending on who you speak to, India's Mahindra & Mahindra might be best known in the States for the six-year saga of huge hopes and dashed dreams embodied in a small, diesel pickup truck, as a tractor maker pushing its way into a US market ruled by John Deere and Kubota, as the owner of Ssangyong, as one of the companies that tried to buy Aston Martin or as an automotive engineering firm providing product development services to almost every carmaker out there. It's that last division that
Like Lloyd in Dumb & Dumber rejoicing that he's got a "one out of a million" chance with Mary Swanson, electric-vehicle advocates in India can do the same. That's because both local automaker Mahindra and Japan-based Nissan say they would consider working together to promote EVs in that country.
That electric-vehicle magnet that is Norway has attracted yet another automaker. This time, it's India-based Mahindra that is looking to bring its battery-electric Reva e2o to the country sometime soon, India's Financial Express says. Mahindra is eying the UK and Sri Lanka for new sales as well.
In the last 20 years, Korean automakers Hyundai and Kia have gone from a laughingstock in the US with poor reliability and bad design to making legitimately competitive vehicles on par with the best in their segment. However, Korean automaker Ssangyong is a name that doesn't roll off the tongue for American consumers – it's practically unknown. The company wants that to change, and it is reportedly developing plans to export its range of crossovers to the US under a new name.
Mahindra is being busy at the New Delhi Auto Show, unveiling two electric cars: the Mahindra Reva Halo EV concept sports car and the Mahindra Racing Formula E electric race car. If reports are to be believed, the Indian company wants to build the Halo as, well, a halo electric car for the brand. Reva could use it, since long-time electric vehicle fans will most likely associate the Reva name with the unloved G-Wiz.
What do you get when you design a vehicle around solving mobility problems for today's cities? If you are Mahindra, you get the GenZe STS – a line-up of electric scooters, the first of which was revealed at the Santa Monica Altcar Expo last weekend. Standing for Single Track Shuttle, the STS on display had a number of features to recommend it and foreshadows what's coming.
Indian automaker Mahindra and Mahindra Ltd. will be launching an electric version of its Verito Sedan next year. EV technology made by its subsidiary Reva will be used in the e-Verito, said Ravindra Shahane, senior general manager, marketing, automotive division of Mahindra.
Mahindra Reva has been making slow and steady waves with the all-electric E2O city car, taking the previous Reva model – the G-Wiz – into the modern age with the production version of the Reva NXR concept.
Charging infrastructure, higher vehicle costs and less-than-desired single-charge range estimates are among the hurdles to more plug-in vehicles in the US – having the necessary juice from the grid is pretty much a foregone conclusion. Not so in India, apparently.
Italian private equity firm Investindustrial has purchased a minority stake in supercar-maker Aston Martin. The 37.5-percent share carries a price of $241 million, while a majority stake is still held by Kuwait's Investment Dar. Aston Martin says this deal will allow the UK brand to pour $1 billion into new product, funding vehicle development through 2018.
Three weeks, ago Businessweek reported that Investment Dar, Inc. was looking to shed its majority stake in Aston Martin. The Kuwait-based financial firm is apparently seeking to restructure its debt load and has sought $800 million for its 64-percent share in the English automaker. That amount compares to the $925 million that it took for a consortium, Investment Dar among them, to purchase 100-percent of Aston Martin from Ford in 2007.