User-agent: Mediapartners-Google* Disallow: Buses World News: BUSMAKERS NEWS * WORLDWIDE
Google
 

Buses World News

In brief: Worldwide montly news & informations about Buses, Busmakers, Passengers' and the Transport Industry

12.2.13

BUSMAKERS NEWS * WORLDWIDE

* India - Mahindra Takes Complete Ownership Of Navistar Operations In

Mumbai,India -Automotive Horizon, by Jayashankar Menon -12 Feb 2013: -- Homegrown auto major, Mahindra and Mahindra and the US truck and bus maker Navistar International Corporation announced this morning that the former had completed its acquisition of the latter's stake in Indian joint venture, Mahindra Navistar Automotives Limited and Mahindra Navistar Engines Limited...  With the acquisition procedure over, Mahindra has now taken complete ownership of operations in India... According to the report, the deal has received regulatory approval in India and Mahindra continues to sell MNAL and MNEPL products... It may be recalled that in December 2012, Navistar announced its intention to exit the joint venture, as part of its strategy to focus on strengthening its North American core businesses and pursuing near term initiatives to improve the company's return on invested capital performance...

Labels:

posted by Unknown @ 6:56 PM 

1 Comments:

Blogger Unknown said...

Chinatown B. S. said "Good to know that Mahindra has now taken complete ownership of operations in India. Mahindra is renowned name and now it's taking complete ownership in India.So it's goodwill would be increases..."

5:33 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home