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Indian auto manufacturer Mahindra & Mahindra Ltd, has acquired Italian auto design and engineering firm GRD. The move indicates Mahindra’s desire to go global with their future products.

Financial details of the deal with Turin-based G.R. Grafica Ricerca Design (GRD) were not revealed.

"This acquisition will help us strengthen our existing design capabilities, help us emerge as a global auto design powerhouse [and] provide a solid European footprint," said Pawan Goenka, president of Mahindra’s automotive unit.

The company will be renamed Mahindra Graphic Research and Design after all the formalities are complete.

Mahindra manufacturs Utility vehicles and tractors. They are one of the key players in the Indian automobile industry and have partnered with Renault for manufacturing the Logan . Mahindra’s Scorpio SUV is sold in the U.S by Global Vehicles USA, and is also planning to launch the hybrid version of the SUV sometime later this year.

Source: auto news
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Renzo Rivolta was born in 1908. His father was in the wood milling industry and owned many properties in Italy and abroad. While looking for a business with a more secure future he came across a little company close to Genua specialized in the production of refrigerators and heaters. This little but modern factory was called Isothermos and Renzo managed to buy it in 1939. During the war he was forced to move the factory to Bresso, because of the bombardments in the Genua area. In Bresso he found an old villa with a large piece of land which was perfect for his needs. He was able to fool the German’s for a long time and kept the factory running during the war. He died in 1966.

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Rolls-Royce Motor Cars will unveil the new Phantom Drophead Coupé for the first time in Italy. On the weekend of 21 - 22 April 2007, the spectacular grounds of the Grand Hotel Villa d’Este and Villa Erba in Cernobbio on Lake Como will again form the unique backdrop for the most beautiful automobiles from yesteryear and exceptional cars of the present at the annual Concorzo d’Eleganza. In 2004 the experimental Rolls-Royce 100EX, the forerunner of the Drophead Coupé, was shown at the same (...)
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Maranello Village, the world’s first residential complex featuring over 120 apartments available for Ferrari personnel exclusively, was unveiled in the presence of Ferrari CEO Jean Todt, Ferrari Vicepresidente Piero Ferrari and local representatives.

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