description

Here comes India. bagaball/flickr

 

It looks like Tesla Motors isn't the only auto company taking advantage of Detroit's downfall.

A Mumbai-based company, known in North America for their tractors, is planning on bringing a fleet of fuel-efficient compact pickup trucks to the United States. Mahindra & Mahrindra is hoping to become a serious competitor to light trucks like the Toyota Tacoma and Ford Ranger. The company also wants to bring two new SUVs to the U.S. next year.

The Indian company is, quite literally, picking up what American car makers are casting off. Mahindra & Mahindra is working with an American auto importer, Global Vehicles, to quickly set up a large dealer network -- which includes former GM, Chrysler, and Ford dealers that were closed down to cut costs.

categories: Economic Scene

3:20 - June 24, 2009

What is this?

Share