Jeeps, trucks and automobiles

Article Abstract:

Mahindra & Mahindra (M&M) is one of the 10 largest industrial groups in India. It is the biggest manufacturer of jeeps and trucks, accounting for about half of all vehicles purchased in the country and more than three-fourths of all utility vehicles sold in rural areas. M&M is also involved in other industries, including telecommunications, chemicals and steel. The company was founded in 1945 as Mahindra & Mohammed. Its founders, the two Mahindra brothers and Ghulam Mohammed who later became Pakistan's first finance minister, imported Jeeps from the US in semi-knocked down condition and reassembled them. M&M's success in recent years can be attributed to India's liberalization program. It has allowed the firm to restructure and concentrate in just six industrial sectors. According to Finance Dir. Bharat Doshi, M&M aims to be among the top three firms in every sector it is involved in.

Trucks, Motor Vehicle Manufacturing, Automobiles, Automobile Manufacturing, India, Company Profile, Mahindra and Mahindra Ltd.

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How the mighty fell

Article Abstract:

The long and gradual decline of British conglomerate BTR will culminate in a merger with Siebe. The deal is being touted as a merger of equals but is in reality a takeover of the once-mighty conglomerate. Ten years before, in 1988, BTR posted sales of 5.4 billion pounds sterling and a 14% profit margin. It implemented a growth-through-acquisition strategy that entailed paying low prices for companies hard hit by recessions. The company was single-minded in its pursuit of profitability and pleased shareholders by paying out nearly two-thirds of profits as dividends. Although there are many factors that have contributed to BTR's decline, one of the most significant is the unsuccessful restructuring program undertaken by CEO Ian Strachan. The project caused the price of BTR shares to fall from more than 300 pence a share to just 95p within three years.

Mergers, acquisitions and divestments, BTR PLC

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Life in the Lotus position

Article Abstract:

The survival of the Lotus Seven car through many periods of economic difficulties is due largely to its manufacturer's belief in and enthusiasm for the car. Graham Nearn, Caterham Cars Ltd's managing director, has always believed that the Seven epitomizes the ideal sports car. In the early 1970s, Colin Chapman, Caterham's founder and designer of the Lotus decided to stop the production of the luxury car due to the severity of the recession. Nearn, a dealer of the Seven at the time, bought the rights to continue production of the car. Nearn has managed to make car production grow from 50 units in the first year to 800 in 1989. Caterham is interested in breaking into the American market and feels that it is already in a good position to export its cars to the US.

Nearn, Graham, Caterham Cars Ltd., Lotus Seven (Automobile)

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