Statement by Global Vehicles on Latest Pronouncements by Mahindra

[Andy]

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Received this Press Release from Global Vehicles this morning:

ALPHARETTA, GA., July 8, 2010-It has been recently reported in the media Mahindra is claiming its pending litigation with Global Vehicles may delay the introduction of its vehicles to the United States market. This claim is both inaccurate and unfortunate. Indeed, in the litigation Global Vehicles seeks to compel Mahindra to honor its contractual obligations to obtain homologation of the vehicles and to begin shipping them pursuant to existing and long standing orders placed by Global Vehicles on behalf of its many dealers. Global Vehicles was constrained to take legal action as a result of Mahindra’s unjustifiable delay in making its vehicles available and to otherwise protect Global Vehicles’ dealers who have waited long enough for product. Global Vehicles and its dealers stand ready, willing and able to immediately begin selling Mahindra vehicles in the United States. All Mahindra needs to do is complete homologation and start delivering them. Thus any delay in entering the United States market rests exclusively with Mahindra and can in no way be attributable to the litigation or any actions of Global Vehicles.

[howam00]

I saw this on Pickuptrucks.com this morning. A lot of finger pointing. I think there is something that neither side is divulging publicly

[michigandon]

I'm no fan of Fred Durst by any means, however I feel he has the most appropriate quote for this scenario:

"It's all about the he said, she said bull****..."

[MahindraPlanet]

Just got that press release myself.

When you forget about all of my crazy conspiracy theories, the fact is that Mahindra has made repeated delays on a vehicle promised… well, promised several times in the last two years.

No matter what is going on behind the scenes, both GV and Mahindra would be wise to meet face to face (in complete transparency), discuss the REAL reasons behind the delays, and put together a quantifiable timeline for launch. This should be done as much for the dealers, as to keep Mahindra from looking even sillier.

Mahindra is a $6 billion company who can put a deal to buy an entire aircraft or car manufacturer together in a matter of weeks. They should be able to hammer out some kind of accord with GV in a few hours.

[ToxicSludge]

Originally Posted by MahindraPlanet

Just got that press release myself.



Mahindra is a $6 billion company who can put a deal to buy an entire aircraft or car manufacturer together in a matter of weeks. They should be able to hammer out some kind of accord with GV in a few hours.

Only if they really want to Chris.Something is up m&m's butt and making them stupid and arrogant.It's clear they want to sever ties with GV,as to the real reason?Only they know.IMHO this needs to go to court.If m&m decide to leave the american market with their diesels,so be it.Another more reputable manufacturer will step in,of this I feel very confident in.It's time for a clean diesel compact/mid-size truck.Whoever brings one in first will win the lions share of a potentially HUGE market here.