AUBURN HILLS, Mich. (AP) — Indian conglomerate Mahindra Group is opening an automotive manufacturing facility near Detroit.
Mahindra says it will make an off-road vehicle at the 400,000-square-foot plant in Auburn Hills.
Mumbai-based Mahindra is India's largest SUV maker, but it doesn't yet sell cars or SUVs in the U.S., where it would have to find dealers and meet stricter safety standards. Mahindra currently sells tractors, scooters and off-road vehicles in the U.S.
It's also one of five companies in the running to build a new vehicle for the U.S. Postal Service. And it recently signed a deal to work with Ford Motor Co. on electric and connected vehicle technology.
Mahinda opened a technical center in suburban Detroit in 2012. It expects to have 250 employees in Michigan by the end of this year.
Before you consider Ford Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ford Motor wasn't on the list.
While Ford Motor currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
