Dear Hardik, It was a really a good and timely news you gave.
I appreciate you for your news in advance. Please provide us with such timely and exact news in future also so that we can be benefitted by those valuable bit of information. Regards, Nabendu On 7/16/10, Hardik Shah <[email protected]> wrote: > > > <http://www.dealcurry.com/20100714-Mitsubishi-Motors-To-Buy-Stake-In-Hindustan-Motors.htm> > > Japan's *Mitsubishi Motors Corporation* may buy stake in Hindustan Motors. > > Hindustan Motors' Thiruvallur plant is the likely asset buy option. The > plant has a manufacturing capacity of 12,000 vehicles per annum. > > Hindustan motors, maker of the Ambassador car, also nmanufactures and sells > passenger vehicles, including premium sedan Lancer-Cedia, Outlander, Pajero > and Montero, in India in technical collaboration through Chennai car plant > with Japanese automaker Mitsubishi. > > > Transaction Note > > HML currently has two manufacturing facilities in India, one at Thiruvallur > and the other at Uttarpara in West Bengal. > > It reported a net loss of Rs 42.86 Cr for year ended March 31, 2010. It has > made an operating loss of Rs 95 and 90 Cr in the past two years on sales of > Rs 602 and 576 Cr respectively. > > Hindustan Motors is in the process of approaching *Board for Industrial > and Financial Reconstruction (BIFR) *as its net worth eroded by more than > half from the peak in the preceding four years. Its current networth stands > at Rs 164 Cr and its accumulated loss stands at Rs 132 Cr. > > Previously, Hindustan Motors Limited (HML) had collaborations with *Isuzu > Motors Ltd. *Japan from 1983 -1993, *Vauxhall Motors U.K. *from 1980 - > 1990 and *Ricardo Consulting Engineers Ltd* U.K. from 1989-1993. HML also > owned an Earth Moving Equipment Division (EED) in collaboration with > *Caterpillar > *(U.S.A.) for the manufacture of dumpers and excavators, with *Terex *for > the manufacture of dumpers, loaders & dozers and with *Fermac *(U.K.) for > the manufacture of backhoe loaders. > > -- > Regards > > Hardik Shah > > -- > You received this message because you are subscribed to the Google Groups > ""GLOBAL SPECULATORS"" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<globalspeculators%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/globalspeculators?hl=en. > -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
