Rumor Mill: Is Mahindra Going To Buy Chrysler?

Chrysler LLC, which is searching for partners to help give the Auburn Hills automaker a more global reach, is reportedly in talks with Indian automaker Mahindra & Mahindra Ltd. over some sort of partnership.

Chrysler wants to tap the Indian company's engineering expertise to develop products for emerging markets, the Economic Times in India reported today, citing an unnamed industry source.

Mahindra was reportedly in the bidding to purchase the Britain-based Jaguar and Land Rover brands from Ford Motor Co. Friday's report said the potential Chrysler and Mahindra deal could include an equity stake.

A spokeswoman for Mahindra could not be reached for comment, and a Chrysler spokeswoman was unable to comment Friday. Chrysler prepared Thursday for more global alliances, appointing Simon Boag executive vice president for global alliance operations.