Mahindra & Mahindra seeks to give up control of Korean unit SsangYong

Images of Ssangyong XLV

Mahindra & Mahindra prepares to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker’s managing director stated on Friday, as it looks to depart from the loss-making ventures. “SsangYong needs a new investor. We are working with the company to see if we can secure investment,” Pawan Goenka informed reporters. Mahindra […]

Ssangyong Shall Enter U.S. by 2019

Images of Ssangyong XLV

Ssangyong Motor Co, the fourth largest car maker of South Korea, has lastly put a timeframe on when it will enter the U.S. market. CEO Choi Johng-sik has actually revealed that the automaker will get into the marketplace by as early as 2019 under a new firm name. The Korean automaker is broadening its offerings […]