Former Ducati Owner Investindrustrial Rumored to Beat Mahindra in Securing Aston Martin Share

Reports about Aston Martin major shareholder Investment Dar looking to offload a stake in the British sports car maker in order to secure much-needed funds, have been circulating since early November.

Mahindra & Mahindra, which last year acquired Korean SUV maker SsangYong, was said to be the highest bidder. According to Bloomberg News, though, it seems that it has lost out to London-based equity firm Investindustrial.

Read more »

Mahindra & Mahindra and a Consortium Tied to Mercedes Reportedly Bidding for Aston Martin

Earlier this month, we ran a story about Aston Martin's major stockholder Investment Dar seeking a buyer for the British carmaker. According to the report, one of the interested buyers was India’s Mahindra & Mahindra, while Toyota had ordered a preliminary analysis, but didn’t proceed to a full-on evaluation.

All of the aforementioned parties either refuted the story or declined to comment; but then that’s usually the case with such transactions.

Now, The Financial Times is reporting that Investment Dar is currently in talks with the final bidders for a 50 percent stake in Aston Martin, citing four sources familiar with the subject.

Read more »

Form an Orderly Queue: Receivers Say More Buyers Show Up for Saab

This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days.

Swedish newspaper Dagens Industri confirms last month's report that Indian conglomerate Mahindra & Mahindra is also interested in Saab. Mahindra, which already owns Korean carmaker SsangYong and wants to become “India’s first global cult brand”, joins China's Youngman group and Turkish private equity firm Brightwell Holdings in bidding for Saab.

Read more »

India's Mahindra & Mahindra Interested in Saab, Turkish Suitor Also pops up on the Radar

The sad story of Saab is far from over as the court-appointed administrators who are overseeing the Swedish automaker's bankruptcy are now on the lookout for possible investors to either sell parts of the brand or the company as a whole.

In today's news, Bloomberg reports that Mahindra & Mahindra Ltd, a maker of SUVs and a flagship company of the Mahindra Group, which is a multinational conglomerate based in Mumbai, India, is in private talks with Saab's administrators.

Read more »

Chuck Norris Approved: Bollywood's Singham Movie Trailer

After watching a spectacularly ridonkulous scene from the Indian blockbuster Singham, we're inclined to say that Chuck Norris not only approves this movie and its main character, Inspector Bajirao Singham, but we're guessing that he might have even turned a little bit green from envy.

The Bollywood creation starring Indian actor Ajay Devgn as Singham is packed with action scenes, such as the one where the protagonist pulls out a criminal from a flying Mahindra SUV.

The Indian film was released this past July and it quickly became the highest grossing movie of the year in the country. You can sit back and enjoy the clip right after the break.

Read more »

Mahindra Wants to Become “India’s First Global Cult Brand”

M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything from banking and agribusiness, to aerospace technology and real estate.

M&M, which stands for Mahindra & Mahindra, is the flagship company of the Mahindra Group and has a presence in both the automotive and tractor businesses. Anand Mahindra, son of one of India’s richest families, leads the company.

Mahindra certainly has great ambitions for his company and SsangYong, the bankrupt Korean manufacturer which he bought in November 2010. Automotive News reports that Anand recently stated “We want to be India’s first global cult brand”.

Read more »