There is a possibility of another global acquisition knocking in the auto industry, that too, with an Indian player in the news. After losing out on Land Rover, M&M is looking aggressive to follow the Tata''s example of a high profile global acquisition.
M&M has decided to go for the deal after a collapse of merger talks between Chrysler and General Motors. M&M is expected to make a bid for parts of the Detroit based automotive giant Chrysler. However, according to sources M&M will most likely to bid for the Jeep or Dodge lines of business as it is looking to strengthen the Indian company''s UV capability.
Furthermore, Cerberus is likely to sell the Chrysler brand and Dodge-Jeep brands. It has identified potential buyers for Jeep-Dodge from India, China, Russia and the Middle East and most importantly, and Indian auto major Mahindra''s name is included as a possible suitor.
M&M has decided to go for the deal after a collapse of merger talks between Chrysler and General Motors. M&M is expected to make a bid for parts of the Detroit based automotive giant Chrysler. However, according to sources M&M will most likely to bid for the Jeep or Dodge lines of business as it is looking to strengthen the Indian company''s UV capability.
Furthermore, Cerberus is likely to sell the Chrysler brand and Dodge-Jeep brands. It has identified potential buyers for Jeep-Dodge from India, China, Russia and the Middle East and most importantly, and Indian auto major Mahindra''s name is included as a possible suitor.
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