Navistar Purchase Opens Door for M&M
Navistar is acquiring GM's medium-duty truck line. Navistar subsidiary International Truck and Engine Corporation (ITEC) has formed a $90m joint venture with Mahindra & Mahindra (M&M) to build diesel engines for medium- and heavy-duty vehicles. Put it all together and you have a ready-made source of medium-duty diesel trucks that fit into Manindra International's global expansion plans AND a way for Mahindra to get name recognition in the U.S. truck market. You heard it here (via India Times) first: it's only a matter of time before we see Mahindra's light-duty trucks and its other commercial vehicles sold stateside under the M&M or Navistar/International brands. Meanwhile, the Times also reports that M&M have pulled-out of negotiations for Ford's Jaguar and Land Rover brands. While we have studiously avoided reporting all the baseless conjecture surrounding the British brands' disposal, you gotta love the unavoidable logic of this explanation:"'The whole deal was considered to be very complex, prompting the company not to pursue it,' a source said."
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