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SSANGYONG MOTOR CO
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...
- Mahindra’s new CEO seeks to revive growth at $19 billion groupInvestors appear to be on board. Mahindra’s shares have climbed 11% so far this year, outperforming the 3.9% gain for the benchmark S&P BSE...
- 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...
- 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...
- India’s farmers give Mahindra (and maybe Modi) a sliver of hopeIndia’s farm equipment sales have been improving since a barren April, when all sorts of manufacturers across the country were forced to ha...
- 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...
- 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...
- 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.'
- M&M sports quiet smile as Ssangyong scrips hit upper circuitSince then, SMC shares have been on a bull run in the five trading days aggregating gain of around 75 per cent and it closed today at 8,970...
- 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.
- GM says Chinese company bidding for OpelChinese automaker Beijing Automotic Industries Corp. has joined the bidding for General Motors Corp.'s German unit, Adam Opel GmbH, a GM sp...
- SKorea's Hyundai, Kia slash 2008 sales forecastHyundai Motor Co and Kia Motors Corp cut their joint 2008 sales forecast by 12.5 per cent and said they would freeze pay for managers amid ...
- 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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