Tough road ahead for India carmakers as boom market crashesApril 13, 2013 13:54 CET  India's annual car sales fell for the first time in a decade in the financial year just ended and are expected to post subdued growth this year, calling into question bullish expectations that fueled billion-dollar bets from global manufacturers.... Read More »
Tough road ahead for India carmakers as boom market crashes 7:54 am U.S. ET | April 13, 2013  India's annual car sales fell for the first time in a decade in the financial year just ended and are expected to post subdued growth this year, calling into question bullish expectations that fueled billion-dollar bets from global manufacturers.... Read More »
Thwarted Mahindra dealers win a round 12:01 am U.S. ET | March 18, 2013  For five auto dealers attempting to sue India's Mahindra & Mahindra Ltd. for failing to bring its diesel pickup into the United States as planned, a federal judge's ruling to let the suit move forward is a rare bit of good news.... Read More »
Dealers' fraud suit against Mahindra can move ahead, U.S. judge rules 2:29 pm U.S. ET | March 11, 2013 Five dealers who claim they were defrauded by Mahindra & Mahindra have won their first small legal victory in federal court against the Indian automaker -- the right to be heard.... Read More »
Investindustrial said to be close to buying Aston Martin stakeDec. 6, 2012 13:04 CET  Private equity fund Investindustrial is near an agreement to buy an Aston Martin stake to shore up the finances of the British sports-car maker.... Read More »
Aston Martin put on downgrade watch by Moody's as funds dwindleNov. 30, 2012 14:04 CET  Aston Martin has been put under review by Moody's for a possible credit downgrade as it runs through its cash reserves. The announcement comes as the carmaker's owner Investment Dar is said to be in advanced talks to sell up to half of the company to either the private-equity fund Investindustrial or the Indian automaker Mahindra & Mahindra.... Read More »
Aston Martin says it has entered 'advanced' talks to boost fundsNov. 29, 2012 15:21 CET  Aston Martin, the British luxury-car maker controlled by Investment Dar, is in “advanced” talks to sell new shares to investors to boost funding for future development.... Read More »
Aston Martin says it has entered 'advanced' talks to boost funds 9:21 am U.S. ET | Nov. 29, 2012  Aston Martin, the British luxury-car maker controlled by Investment Dar, is in “advanced” talks to sell new shares to investors to boost funding for future development.... Read More »
Aston Martin gets bids from private equity fund, Mahindra, reports say 5:47 pm U.S. ET | Nov. 23, 2012  Aston Martin owner Investment Dar has received competing bids from Investindustrial and Mahindra & Mahindra for half the sports-car maker, people familiar with the matter told Bloomberg and Reuters.... Read More »
Aston Martin gets bids from UK private equity fund, Mahindra, sources sayNov. 23, 2012 23:47 CET  Aston Martin owner Investment Dar has received competing bids from Investindustrial and Mahindra & Mahindra for half of the sports car maker, sources said.... Read More »
FINAL ASSEMBLY If Aston's for sale, who wants to buy? 12:01 am U.S. ET | Nov. 19, 2012 Aston Martin, the British luxury brand that James Bond favors, is on the selling block, according to Bloomberg. So who are the potential bidders?... Read More »
India's Mahindra will launch Quanto small SUV in EuropeSept. 22, 2012 06:01 CET  India's Mahindra plans to sell its first small SUV, the Quanto, in Europe. The Quanto will go on sale in Italy after appearing at the Bologna auto show. Sales in other European markets will follow.... Read More »
Mahindra sets up first North American technical center in Michigan 4:00 pm U.S. ET | Sept. 18, 2012  India's Mahindra & Mahindra today opened a technical center in suburban Detroit, the conglomerate's first in North America. The center will provide design and consulting services for Mahindra's automotive customers in the region as well as support its automotive and tractor engineering operations in India.... Read More »
Mahindra says U.S. is a no-go 12:01 am U.S. ET | July 16, 2012 Just in case anyone was still hoping, Indian truckmaker Mahindra & Mahindra Ltd. made it clear last week that it no longer plans to come to America.... Read More »
India's Mahindra says it halted development plans for U.S. pickup 12:54 pm U.S. ET | July 11, 2012  India's Mahindra & Mahindra has halted development work on a pickup truck aimed at the U.S. market, the company said today, following legal disputes and failure to win needed certification.... Read More »
Spurned dealers: Mahindra ripped us off 12:01 am U.S. ET | June 11, 2012  A group of U.S. dealers who were in line to sell Mahindra-brand pickups imported from India have accused the manufacturer of a conspiracy to bilk them out of $60 million in cash and trade secrets about how to retail in America. Five would-be Mahindra dealers in five states have filed a lawsuit in federal court in Atlanta.... Read More »
5 U.S. dealers sue Mahindra for fraud 12:50 pm U.S. ET | June 8, 2012 Indian automaker Mahindra & Mahindra's struggles to enter the U.S. market continued this week when five U.S. dealers filed suit against the company in federal court, alleging Mahindra misled them and swindled them out of millions of dollars.... Read More »
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