Tag: Mahindra

By on September 29, 2014

National-Electric-Vehicle-Sweden

With the Saab name reclaimed by the mothership, a host of financial problems, and no product beyond a 10-year-old platform, what else is left for National Electric Vehicle Sweden to do? If you said, “Tap out,” then you just might see that hand pounding the mat rather quickly.

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By on September 16, 2014

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Back in February, TTAC reported that Ssangyong SUVs may be imported into the United States in the near future, and a report by Reuters confirms that significant steps have been made by parent company Mahindra to further that goal.

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By on June 16, 2014

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NEVS, the Swedish outfit that currently produces the Saab 9-3 (or is trying to, at least), is facing a major cash crunch and may not be able to make payroll or settle accounts with suppliers. But they may have a savior in Mahindra.

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By on February 14, 2014

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Ssangyong has had a colorful history, to put it lightly. In 1999, the Korean brand entered bankruptcy as its Chinese majority owner, SAIC Motor Company cut Ssangyong loose. Ssangyong made a frenzied attempt to cut its workforce down, and faced one of the worst labor strikes in the Korean auto industry’s history. In retaliation for the cuts, the workers of Ssangyong’s Pyongtaek production plant set fire to the plant, and later occupied it for two months. Riot police, including helicopter support, was called in eventually to clear the plant.

With Ssangyong in shambles, Indian automaker Mahindra & Mahindra bought a 70% stake in the company in 2011 and immediately went to work on labor issues. Since the acquisition, Ssangyong has not suffered any labor downtime and the once rioting workforce now appears to be diligently rebuilding the auto maker, one car at a time.

In 2013, Ssangyong returned and racked up its highest sales, with 145,649 cars sold last year. 81,679 of those sales were made in overseas markets; and a spokesman for Ssangyong confirmed to WardsAuto that the Korean Automaker is looking to expand its product to the U.S. market.

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By on April 24, 2013

American consumers may have been robbed of a chance to buy the Mahindra pickup, but how about one from Great Wall?

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By on March 1, 2013

The world’s ugliest car, the Ssangyong Rodius, has gotten a new mug for 2013. Possibly the least anticipated debut at next week’s Geneva Auto Show, the pedestrian-friendly front end takes away some of the visual harshness of the former Middle Eastern minicab of choice, but the trademark inverted-triangle rear window remains. There’s plenty of forbidden fruit available elsewhere that we are not privy to. Some are worth coveting. This product isn’t one of them.

 

By on November 27, 2012

Mahindra Tractor in Ferrari livery

Mumbai tractor moguls Mahindra & Mahindra hope to emerge as owners of Aston Martin by the end of the week, but Italy’s InvestIndustrial shares the same aspirations, reports Reuters from the sidelines of the bidding war for the British sports car maker. While the world waits for the hammer to come down, scientists make a perplexing discovery. (Read More…)

By on November 9, 2012
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Aston Martin’s Kuwaiti owners are apparently looking to unload their majority stake in the English sports car maker, but proceedings have been slow to due Investment Dar Co.’s desire to recoup their $800 million purchase price.

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By on September 25, 2012

Mahindra has launched the Quanto compact SUV in the Indian market. Based on the larger Xylo, Mahindra chopped the rear off to get it under 4-meters in length. The company has given the car a new 1.5-litre diesel engine as well. In India, vehicles which are less than 4-meters in length and have an engine capacity less than 1.5-litres (diesel) or 1.2-litres (gasoline), benefit from a lower excise duty of 12% against 27%.

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By on June 11, 2012

Mahindra will soon be launching the XUV500 in global markets.The XUV500 is available in the Indian market only but the company has plans to offer it in Europe and US within the next two years.

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