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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 ...- 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 to sell plant site as part of rehabilitationSsangyong is still under rehabilitation process and has to submit rehabilitation plan to the court. However, Ssangyong wants to make an M&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...
- 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...
- 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...
- 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...
- Covid-19 impact: M&M drops plans of infusing $406 million in SsangYong Motor CompanySsangYong Motor Company and its labour union had sought fresh injection of equity from M&M to help the company fund its 500 billion KRW (US...
- SsangYong to join Mahindra-Ford alliance in product sharingBoth the B (B772) and C segment SUVs (W601), which are under development for the JV company, will be shared by Ssangyong Motor Company. Sim...
- 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 to ink JV with Shaanxi AutoTo set up 1.5 lakh-unit plant in Xi’an by 2019; JV will build production facilities for CBU vehicles.
- 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 Tivoli crossover revealedFirst official image of the new SsangYong Tivoli crossover hits the web
- Mahindra Finance, Woori Financials JV to fund SMC motors in KoreaMahindra Finance has signed a memorandum of understanding with Woori Financials to set up a joint-venture for financing Ssangyong Motor veh...
- 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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