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SSANGYONG
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 ...- 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...
- 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...
- 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...
- 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...
- 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...
- M&M may need lenders’ nod to cede control at SsangYongMahindra would find it difficult to fully exit Ssang-Yong, the primary reason being the loans.
- 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...
- 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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