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Ssangyong to sell plant site as part of rehabilitationSsangyong is still under rehabilitation process and has to submit rehabilitation plan to the court. However, Ssangyong wants to make an M&A...- Mahindra-owned SsangYong puts controlling stake up for auctionThe Korean auto major, which is 75% owned by Mahindra, is under court receivership since April after it failed to rollover loans worth $148...
- Cash-strapped SsangYong submits self-rescue plan as it looks to bring investor on boardThe rehabilitation plan includes half of SsangYong’s staff taking unpaid leave up to two years in a bid to avoid retrenchment. “This sort o...
- SsangYong eyes new investor to complete sale processSsangYong Motor is expected to invite tenders by next month and is likely to submit a restructuring programme by the first week of July, wi...
- Ssangyong Motors may shed some senior executive jobs as part of cost cuttingThe Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not s...
- SsangYong court rehabilitation may begin early next week as CEO Yea quitsSsangYong has over the last six to nine months failed to secure a letter of intent (LOI) from its likely potential investor, US-based HaaH ...
- SsangYong faces risk of delisting, liquidationThe cash-strapped SsangYong Motor has failed to secure a letter of intent from its potential investor, US-based HAAH Automotive, before the...
- Korea based Edison Motors in fray to acquire SsangYongUntil now, US based HAAH Automotive was the only potential suitor to acquire SYMC. The South Korean electric vehicle manufacturer, Edison w...
- SsangYong pays 140 million won to start standard bankruptcy procedure in SeoulMahindra & Mahindra’s 75 percent ownership in Ssangyong will reduce and HAAH Automotive Holdings is expected to become the largest sharehol...
- Mahindra receives clearance from RBI to reduce stake in SsangYong MotorThe UV maker has got approval from the Reserve Bank of India to reduce its stake of 75 per cent in SsangYong Motor to 25 per cent through c...
- Mahindra & Mahindra fails to find buyer for SsangYong in FebruaryMumbai-based M&M holds close to 75% stake in loss-making SsangYong Motors which it had acquired a decade ago for Rs 2,100 crore, or $463 mi...
- M&M faces hurdle in selling SsangYong Motor stake to US companyWhile Mahindra wants to sell its entire 75% stake in SsangYong Motor to the potential investor, Haah, a US automotive distributor, and some...
- Regulatory hurdles, valuation issues delays M&M’s exit from SsangyongThe Mahindra Ssangyong combine may have to resort to a one-time write-off of foreign investment, which could run into regulatory hurdles, p...
- SsangYong's plans to sell to Haah Automotive hits roadblocksInformed sources say valuation issues may have cropped up with Haah Automotive and the reason for not being able to conclude the stake sale...
- A trade union could derail Haah Automotive's bid for SsangYongThe company’s labour union could resist the incoming partner, Haah for having the backing of Chinese auto company said sources in the know....
- HAAH Automotive offers $258 million for a significant stake in ailing Ssangyong MotorHaah Automotive is understood to have laid down some stringent conditions for its investment, such as the delay of Ssangyong’s debt repayme...
- Mahindra's SsangYong close to signing binding agreement with US firm, Korean media reportsMahindra had earlier announced that it will not make any further investments in the ailing SUV-maker and wanted to give up its controlling ...
- HAAH Automotive likely to submit final investment proposal for SsangYong Motor in 10 daysIf the deal is made, HAAH Automotive Holdings would emerge as one of the majority stakeholders of SsangYong Motor, reducing Mahindra & Mahi...
- HAAH Automotive bid for SsangYong is likely to give entry to China’s CherySources close to the development told ET that HAAH may not have enough money to become a major shareholder of SsangYong with only 23 billio...
- SsangYong in deep crisis as auditor refuses to give opinion on H1 resultsMahindra-owned SsangYong Motors is in the midst of a severe crisis with their auditors Samjong KPMG refusing to deliver an 'opinion' on the...
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