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SSANGYONG MOTOR COMPANY
SsangYong receives three bids for stake sale, looks to get investor on board by NovemberAccording to sources, three companies which submitted bids by the deadline day yesterday, were a Korean consortium led by Edison Motors, 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 in receivership as Mahindra fails to find buyerThe 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 ...
- 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...
- How Mahindra's gameplan to become a global SUV player with Ssangyong backfiredAnand Mahindra and his lieutenant Pawan Goenka broke the news and explained how the acquisition would propel the country’s largest manufact...
- Mahindra's South Korean arm SsangYong Motor files for bankruptcyMahindra & Mahindra-owned South Korean automaker SsangYong Motor filed for court receivership after defaulting on loans worth 90 billion wo...
- Cash-strapped Korean automaker SsangYong Motor may default on KDB loans nowKDB may consider extending the maturity for these loans, but only on condition that SsangYong Motor, has cleared overdue loans to the forei...
- 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....
- 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...
- M&M unit SsangYong on the lookout for a strategic investorThe development comes in the wake of calls from financial institutions to Mahindra to inject more funds into the South Korean firm, given i...
- M&M SsangYong breaks into top 3 PV cos in South KoreaUnder Mahindra, SsangYong Motor has seen its domestic volumes more than double in the past 5 years in a market that is growing in single di...
- SsangYong launches compact SUV Tivoli; first all new vehicle after M&M takeoverConfident of its success, it has further committed 1 trillion won (or 915 million dollars) in the business for the coming three years.
- SsangYong confirms Mahindra South Africa as sole distributor in South AfricaSsangYong, bought over by India's M&M group, has confirmed that MSA is its sole distributor in South Africa and neighbouring countries.
- Mahindra South Africa runs into row over SsangYong's products marketingMahindra South Africa is now locked in a dispute with local company Twin Dragons Automotive over distribution.
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