GM has ended its partnership with Indian company Reva Electric Car Co., whereby the latter would help the former produce electric cars. GM has decided to make their electric car operation a Motown exclusive affair. The move comes after Mahindra & Mahindra has agreed to buy a 55 percent controlling stake in Reva. GM India, [...]
In a move designed to expand technology in a time of rising demand for alternative fuel vehicles, India”s Mahindra & Mahindra has agreed to buy a controlling stake in Reva Electric Car Co. Though Mahindra declined to give an overall value for the acquisition in a statement before the Bombay Stock Exchange on Wednesday, the [...]
Reva Electric Car Co., GM’s partner in developing an electric vehicle, plans to set up four overseas automating ventures that may be profitable while producing as few as 5,000 cars per year; a feat unheard of in the automotive business. The company intends to establish production facilities in the U.S., Europe, Southeast Asia, and South [...]
