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SSANGYONG MOTOR CO.
Robust SUV sales help M&M post 60% rise in Q1 profitMahindra & Mahindra on Friday posted a 60% increase in consolidated net profit before exceptional items and a 19% expansion in revenue for ...- Mahindra says deal to sell SsangYong Motor to Edison terminatedIndian automaker Mahindra, which owned about 75% of SsangYong as of September end, has been looking for a buyer for all or most of its stak...
- S.Korea's SsangYong Motor sold for $255 mln to local consortiumA consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billio...
- Cash-strapped SsangYong Motor narrows net losses in first half of 2021Some of the self help measures include its employees taking a 2 year unpaid leave, cut in wages , welfare benefits and the proposed sale of...
- 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...
- Carmakers are scouting Mahindra Electric for its new EV platformTata Motors, Hyundai Motor, Ashok Leyland and Renault are in talks with Mahindra Electric to acquire its 350-volt electric vehicle platform...
- M&M issued corporate guarantees to global creditors for SsangYong Motor CoThese agreements came to light after SsangYong filed an application on December 21 for commencement of rehabilitation procedures with the S...
- M&M arm SsangYong Motor Co misses loan repayments worth around Rs 408 croreSYMC has outstanding loans of 60 billion KRW (around Rs 408 crore) from JP Morgan Chase Bank, 10 billion KRW (around Rs 68 crore) from BNP ...
- 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...
- 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...
- Localisation of electric vehicles gathers steam amidst call for "Atmanirbhar" and China face-offHero Electric, Ather Energy, Okinawa, and Revolt are eyeing local procurement of motors and controllers in the next 6-12 months. About 15-2...
- 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...
- Global cos eyeing SsangYong stake as Mahindra looking to scale down role in loss-making bizSeveral global auto companies are said to be in the running for a minority stake in SsangYong Motor Co (SYMC), the ailing South Korean subs...
- S.Korea's Ssangyong Motor approves use of $33 mn special fund from India's MahindraSouth Korea's Ssangyong Motor Co Ltd on Sunday said it has approved the use of a 40 billion won ($32.86 million) special fund raised by its...
- Carmakers accelerating pacts to launch affordable electric vehicles in IndiaA dozen carmakers have decided to join hands & explore ways of targeting the EV space in run-up to India’s stated goal to switch largely to...
- Nipman Fastener, Korea's IL-Ryung ink pact on auto componentsAuto components maker Nipman Fastener has entered into a tie-up with South Korea's IL-Ryung Co at an investment of about USD 35 million
- We provided SsangYong with financial ability to produce products like Tivoli: Anand Mahindra'The fact, that what we are witness here to the launch of a very modern and exciting vehicle is indeed a great achievement.'
- Ssangyong Motor Q3 loss at nearly Rs 155 croreMahindra & Mahindra-owned Korean automaker Ssangyong Motor Co today reported a loss of 35 billion won for the third quarter.
- Mahindra & Mahindra up on SsangYong takeoever dealShares of Mahindra & Mahindra today jumped nearly two per cent in the early trade on BSE amid smart buying in the broader market.
- Ssangyong may produce SUV in China in H2Ssangyong Motor Co <003620.KS> may start production of a sports utility vehicle (SUV) in China in the second half of 2008 as it expects the...
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