mahindra

Automotive News is reporting that a US District Court has ruled that a lawsuit by five dealers against Mahindra & Mahindra can move ahead. The Indian automaker had moved to have the case dismissed, but District Judge Thomas Thrash in Atlanta said the plaintiffs presented enough evidence ...

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 ...

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 ...

You didn't think you'd heard the last from Mahindra, did you? Back in July of 2012, Mahindra confirmed that it had basically given up its quest to sell small diesel-powered pickup trucks in the United States. According to a report from TheDetroitBureau.com, however, the Indian automaker is now ...

With apologies to the Beatles, it's been a long and winding road for those waiting to get their hands on the steering wheel of a small, diesel-powered pickup from Mahindra. Here's the good news: Something definitive has finally been heard from the Indian automaker. Here's the bad news: It's bad ...

The brand formerly known as Saab is still intent on teaching The Little Engine That Could a few ticks about persistence. We say "formerly known" because it turns out that National Electric Vehicle Swedent (NEVS), the Sino-Japanese investment consortium that just bought the majority of Saab's ...

In 2004, Indian automaker Mahindra & Mahindra began courting U.S. auto dealers to build a network of outlets for its trucks and SUVs. Eventually, the company had accumulated $9.5 million in fees from prospective dealers itching to sell Mahindra-branded vehicles. Mahindra promised to have ...

Zhejiang Youngman Lotus Automobile has been jettisoned from the dwindling pool of bidders for Saab after tendering an offer of $492 million for the whole kaboodle. Exact reasons weren't given for Youngman leaving the table, but according to a report in Autoweek.nl, "Chinese bureaucracy" was ...

Youngman has made another bid for bankrupt Saab, according to new reports. The Chinese automaker has offered to buy what's left of Saab for $470 million at current conversion rates. The news comes courtesy of Dagens Industri. The newspaper also indicates that's the absolute lowest the Swedish ...

Interested in purchasing a Saab? Heck, why not just buy the whole company? If you're in the market, you've got until April 10 to put in a bid, and at present, the only rival you have is China's Youngman. Chances are, according to the administrators in charge of Saab's liquidation, the sale of ...