Sometime in the not-too-distant future there could be a new Korean car brand showing up in North American auto malls.
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Indian automaker Mahindra and Mahindra is hoping to close a deal on Aston Martin by the end of this week, having topped a previous offer from Italian private equity firm InvestIndustrial.
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According to reports, a 50-percent stake in Aston Martin could be sold before the end of the month, despite claims from CEO Ulrich Bez that the brand is not for sale.
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After a failed U.S. launch that resulted in lawsuits and lost dollars, Indian aautomaker Mahindra & Mahindra is setting up a technical center in the Detroit suburb of Troy, once again with hopes of bringing the brand to the States.
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Following a lawsuit filed on June 4, Indian automaker Mahindra is refuting the allegations that it $9.5 million cash and an additional $100 million in trade secrets.
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The relationship between Indian automaker Mahindra and Mahindra and Global Vehicles USA is finally severed, thanks to an arbitrator, but the six-year tale that lead to this divorce takes a little more telling than that. When Mahindra decided to market a light truck in the U.S., it turned to company Global Vehicles USA. That was...
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