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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 ...
- 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...
- 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 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...
- 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 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...
- 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...
- 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...
- 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 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.
- 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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