Chrysler to partner with Indian firm Mahindra & Mahindra (M&M)
From the article:” Troubled American car maker Chrysler may have initiated talks with Indian utility vehicle major Mahindra & Mahindra (M&M) for a partnership, which could involve an equity stake.
According to a top auto industry source, the talks are at an initial stage. Chrysler has had difficult days since former parent Daimler sold 80% stake in the company to private equity firm Cerberus. Sources say the US subprime crisis has dented Cerberus’ ability to pump more money into Chrysler.
The exact contours of the relationship is unclear but the intention will be to tap M&M’s engineering expertise to develop products for emerging markets, sources said.
Chrysler has just announced the appointment of Simon Boag as executive vice-president for global alliance operations. Mr Boag will report to Chrysler president and vice-chairman, Tom LaSorda directly. Detroit analysts are already reading signals into the creation of this new position. Mr Boag, they say, has been roped in to help Chrysler forge overseas alliances particularly in emerging markets. ”
Take a look at Mahindra & Mahindra’s history in Wikipedia. They have been building Jeeps in India since the 1940s.
Emerging Roadies: Chrysler ready to roll with M&M - indiatimes.com
January 5th, 2008 at 5:35 pm
Interesting article, and it makes sense.
Chrysler LLC needs capital infusions and needs global partners.
I still think Nissan-Renault is the buyer for Chrysler.
Rich you did a good job on your French—do you speaka Da Inju too?
January 5th, 2008 at 6:24 pm
fuck if chrysler is owned by a foreign company again. fuck.
January 5th, 2008 at 8:52 pm
DAMN,here we go again.
January 5th, 2008 at 9:58 pm
This is a good thing guys!
January 6th, 2008 at 2:02 am
http://www.freep.com/apps/pbcs.dll/article?AID=/20080106/BUSINESS06/801060585/1002/BUSINESS
Here’s a Detroit News article that may shed some light on the underlying cause. See especially the sentence beginning “Auto analyst John Casea…” which is located in the last paragraph under the subhead ‘How It Happened” , directly above the subhead “”Other Credit Sources.”
January 6th, 2008 at 10:46 am
they must be out of there fucking minds!!!!
January 6th, 2008 at 11:50 am
Ah my friend Mopar Man, I do speak the mystic language of the east.
I will give a generous offer of 20,000 Rupees for your burgundy 2008 Chrysler 300C, but you must give me free floor mats, a full tank of gas, 22inch custom chrome veheels, and a blond hair American college girl to close the deal, maybe.
I am looking forward to being the Quickie Mart of the American Car business.
Thank you, come again.
January 6th, 2008 at 3:52 pm
No doubt M&M has money and that is what Chrysler needs a lot of, but will this partnership mean future Chrysler products will be made mostly in India? God lets hope not.
January 6th, 2008 at 7:23 pm
You are the best Rich!
Now please give me a pack of Parliament Lights and I will be on my way!
If they do go with M&M just imagine the improved 800 customer phone center—complete with Indian outsourcing!
Lutz would have prevented a lot of this nonsense if King Lee had just annointed him instead of Ball-less Bob.
January 16th, 2008 at 5:26 pm
Bob Lutz, Good for GM. Too bad for Chrysler. Lee Iacocca ruined his legacy when he treated Bob Lutz the same way Henry Ford II treated him.
June 5th, 2008 at 11:48 am
Way to go India