Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2018 NASCAR Silly Season Page | 2018 F1 Silly Season Page | 2018 IndyCar Silly Season Page

Go to our forums to discuss this news
DATE News (chronologically)
industry news
Mahindra may pull out of venture with Renault & Nissan
Mahindra & Mahindra Ltd may pull out of a joint venture with Renault SA and Nissan Motor Co to build a 40-billion-rupee manufacturing plant in India, media reports said. The Business Standard newspaper quoted agency reports as saying that Mahindra was unhappy with both Renault and Nissan entering ventures with other partners in India.

Renault has tied up with Indian two-wheeler maker Bajaj Auto to build a low-cost car, while Nissan has signed three other joint ventures with Ashok Leyland.

However, The Economic Times quoted unnamed sources saying that Mahindra may exit the alliance due to lack of sufficient synergies. "We would not like to comment on these speculative reports," Mahindra said in a statement, adding, "M&M has no objections to Renault and Nissan having multiple alliances as long as they do not conflict with the existing Mahindra-Renault JV." Yahoo.com
Rumors Archives
2000 2001 2002 2003
AutoRacing1 Inc. BBB Business Review

Search Rumors
Search Help

Banner 10000012