Mahindra
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Ford and Mahindra had looked to co-develop EVs and SUVs for India and other emerging markets.
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Korea's SsangYong declares insolvency, enters restructuring
With the slowdown caused by the pandemic, SsangYong has failed to make repayments to creditors.
Viknesh Vijayenthiran -
Mahindra seeks buyer for SsangYong
Mahindra is looking to off-load some or even all of its 75% stake in SsangYong.
Viknesh Vijayenthiran -
Mahindra, facing coronavirus-related sales plunge, pulls investment in SsangYong
Mahindra has pulled a $406 million investment in SsangYong due to coronavirus worries.
Viknesh Vijayenthiran -
Drive a Formula E car with Pininfarina, Nick Heidfeld
Pininfarina is providing future Battista owners with the opportunity to prepare for the world-beating performance of the electric hypercar.
Viknesh Vijayenthiran -
Ford and Mahindra in talks to develop electric car, 2 SUVs together
Last September, we learned that Ford was in talks with Mahindra to explore ways to expand into the Indian market and potentially collaborate on product development. The two automakers on Thursday announced they have since signed a Memorandum of Understanding to evaluate the possibility of...
Viknesh Vijayenthiran -
There's a new company building cars in Detroit, and this one hails from India. The company is Mahindra, an SUV and truck manufacturer which has recently branched out into new segments including electric cars. Now it is also producing the Roxor off-roader in Detroit for local sale and export. You might be thinking the Roxor looks a lot like early CJ Jeeps, and you'd be right. Mahindra got its start in vehicle manufacturing shortly after World War 2 by building licensed Willys Jeeps. The company has continued to evolve the design since then, staying much closer to the original than Jeep itself...
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Pininfarina enters Formula E as sponsor of Mahindra Racing
Pininfarina on Tuesday announced it is entering the Formula E Championship as a sponsor of Mahindra Racing. In a statement, the Italian design house said its decades of experience crafting cars will help Mahindra Racing in developing its Formula E race cars, starting with the M5Electro being...
Viknesh Vijayenthiran -
Mahindra to build Roxor off-roader in Detroit
India’s Mahindra, known as a manufacturer of tractors, trucks and SUVs, last week opened its first manufacturing plant in the United States. Located in Detroit, Michigan, the plant will initially manufacture an off-road vehicle called the Roxor Off-Road. The first examples are due in 2018 and...
Viknesh Vijayenthiran -
Watch Nick Heidfeld attempt a Goodwood hill climb record in Mahindra’s Formula E car
During the 1999 Goodwood Festival of Speed, German racing driver Nick Heidfeld managed to complete the event's 1.16-mile hill climb in a scant 41.6 seconds behind the wheel of a McLaren MP4-13 Formula One race car. It’s a record that stands to this day—even after the close of the 2017...
Viknesh Vijayenthiran -
Nick Heidfeld aims for Goodwood record with Mahindra Formula E car
Nick Heidfeld is no stranger to the Goodwood Festival of Speed, and he's returning this year with one goal in mind: smash his current hill climb record. Currently, Heidfeld holds the hill climb course record with an incredibly quick 41.6 seconds. However, that was set over 10 years ago in 1999 in a...
Sean Szymkowski -
Mahindra mulls turning Pininfarina into premium EV brand
Having acquired Pininfarina in late 2015, Indian auto giant Mahindra is now considering turning the Italian design firm into a premium electric car brand. The information was revealed by Mahindra Chairman Anand Mahindra to MarketWatch during last month’s 2017 Seoul auto show. He also said the...
Viknesh Vijayenthiran -
The first designs commissioned by Italian legend Pininfarina by the company's new owner has been shown: A trio of Formula E electric race car concepts. Indian conglomerate Mahindra bought Pininfarina late last year, fueling months of speculation about what would happen to the decades-old Italian firm noted for penning some of the most beautiful Ferraris [NYSE:RACE] and Alfa Romeos to ever hit the road. ALSO SEE: Lego unveils its take on the Porsche 911 GT3 RS The Formula E concepts likely preview Mahindra's next step in the series in which it has competed recently with its present race car...
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Pininfarina Sold To India’s Mahindra: Official
It’s been speculated for months but today Indian conglomerate Mahindra & Mahindra finally announced it has acquired legendary Italian design firm Pininfarina. Mahindra, together with its Tech Mahindra subsidiary that specializes in IT systems and engineering consultancy, will acquire a...
Viknesh Vijayenthiran -
Pininfarina Confident Of Acquisition By Mahindra
Earlier in the year it was revealed legendary Italian design firm Pininfarina was in talks with Indian conglomerate Mahindra & Mahindra about a possible sale. Now it’s been revealed an announcement of a sale of Pininfarina to Mahindra is likely to be made soon. A spokesperson for...
Viknesh Vijayenthiran -
Pirelli Sold To State-Owned ChemChina, Pininfarina May Go To Mahindra
Pirelli will be sold to state-owned China National Chemical Corp (ChemChina) after shareholders for the Italian tire manufacturer agreed to the deal, estimated to be worth 7.3 billion euros (approximately $8 billion). Pirelli is the fifth largest tire manufacturer in the world and is known for its...
Viknesh Vijayenthiran -
Saab Owner NEVS Close To Reaching Deal With India’s Mahindra: Report
Earlier this month, cash-strapped Saab owner National Electric Vehicle Sweden (NEVS) asked a Swedish court to extend the period for its restructuring so that it could finalize a deal with a new investor. NEVS said at the time that it was in talks with two Asian firms, which court documents have now...
Viknesh Vijayenthiran -
Mahindra Racing's Bruno Senna Talks Formula E: Video
The inaugural season of Formula E electric car racing is now just a couple of months away from the opening race in Beijing, and testing of the Spark-Renault SRT_01E race car common to all teams is well underway at Donington Park in the U.K. In the video above, former Formula One driver Bruno Senna...
Viknesh Vijayenthiran -
There seems to be no end to Saab’s woes, even with new owner NEVS running the show. A month ago, NEVS said a cash shortage had forced it to stop production of the Saab 9-3 sedan and that it was in negotiations with other firms over the potential sale of a stake in Saab to help raise funds. According to Just-Auto, one of the firms NEVS is in negotiations with may be India’s Mahindra, which had previously sought to acquire some of Saab’s assets during the Swedish firm’s bankruptcy days a few years back. Following the success rival Indian automaker Tata has enjoyed with...
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Mahindra Rolls Out Halo Electric Sports Car Concept At 2014 Delhi Auto Expo
Indian automaker Mahindra, mostly known for its SUVs and pickup trucks, has rolled out a sleek electric sports car concept at the 2014 Delhi Auto Expo this week. The new concept is called the Halo, and it’s destined to be one of the hottest products from Mahindra’s electric car...
Viknesh Vijayenthiran -
Indian Automaker Mahindra Forms Formula E Team
The eighth team confirmed for the inaugural season of the Formula E Championship is Mahindra Racing, the motorsport outfit of Indian automaker Mahindra. That means just two more teams can sign up for the electric car racing series before the start of the season in September 2014. Mahindra already...
Viknesh Vijayenthiran -
Investindustrial Buys 37.5 Percent Stake In Aston Martin
It has been confirmed that Italian private equity group Investindustrial has purchased a 37.5 percent stake in Aston Martin, providing 150 million pounds (approximately $240.4 million) in the form of a capital increase. Aston Martin, together with its new investor, as well as existing shareholder...
Viknesh Vijayenthiran -
Just Two Bidders Left For Aston Martin: Report
Earlier this month news broke that Kuwait’s Investment Dar was looking to offload its 64 percent stake in Aston Martin. It was reported that Investment Dar was looking to attain at least $800 million for its share of the British sports car manufacturer and was in talks with a handful of...
Viknesh Vijayenthiran -
Bidding War Over Bertone Heats Up
Just a few weeks after Mahindra & Mahindra expressed their interest in purchasing the legendary coachbuilder and design house Bertone, China's FAW is throwing its hat in the ring. Both companies see the purchase as their ticket into European markets. A failed deal with Fiat for production of...
Nelson Ireson