Mahindra & Mahindra Ltd announced yesterday that a London arbitration panel has ruled in favor of the Indian conglomerate, and dismissed claims by US-based Global Vehicles that an exclusive US distribution agreement established in 2006 was violated.
Adding further insult to injury, a US class action lawsuit filed by dealers against Mahindra and Global Vehicles has also been dismissed.
These latest legal decisions now allow Mahindra to move forward with plans to enter the US market and utilize distribution and sales resources of their own choosing. What this means for dealers franchised by Global Vehicles remains to be seen.
On the positive side, Navistar may now finally be able to make an announcement on their new facility in Alabama.
There is much more to follow on this news story, so please continue to check back.
