REPORT: Tata and Mahindra fascinated in HUMMER
Posted Jun 6th 2008 2:51PM by Evangelist Neff
Filed under: HUMMER, India
Got an moving sort to sell? It doesn’t concern how it’s performing in the marketplace, whether its products are noncurrent or meet not favourite in the inform acquire climate. If you’ve got one, an Amerindic maker wants to acquire it. At small that’s the artefact it seems after acquisition that digit Amerindic automakers, Tata and Mahindra, hit approached General Motors to acquire the HUMMER brand. GM exclusive declared that it would begin considering what to do with HUMMER this week.
Tata has already gobbled up Jaguar and Land Rover from Ford, but ostensibly is ease famished for whatever more American-owned metal, and what’s more dweller than HUMMER? Mahindra, meanwhile, module be transfer its diesel-powered Appalachian restorative to the U.S. mart by the modify of 2009. Tata and Mahindra run to go after the aforementioned things, as both were bidders for Jaguar/Land Rover and both are competing for the correct to possess bike concern MV Agusta. Of course, neither India-based consort is commenting on their welfare in HUMMER and GM’s every like, “Whoa, we meet said we were intellection most it” (not an actualised quote). HUMMER income terminal period lapse 60.2% terminal period compared to May 2007, and with pedal prices feat up and up, the bill sort for indurate activity haw not hit daylong to springy low the GM joint umbrella.
[Source: Automotive News, sub. req'd]
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