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SSANGYONG MOTORS
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...
- 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...
- 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 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 ...
- 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...
- 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...
- 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...
- 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...
- 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 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.
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