Ssangyong Motor

SsangYong now has the authority to terminate the M&A contract.

South Korea's SsangYong Motor Company to sell its Pyeongtaek plant as rehabilitation process

The debt-ridden automaker's Indian parent Mahindra & Mahindra failed to secure a buyer for its 75 percent stake in the automaker, the daily noted. Following this, SsangYong Motor Company has been under court receivership since April.

SsangYong looks for a new investor, plans to complete sale process by October: Report

SsangYong Motor had filed for bankruptcy, or court receivership, in December 2020 after defaulting on loan repayments.

Mahindra & Mahindra's South Korean arm SsangYong Motor files for bankruptcy

The troubled automaker has also applied for an autonomous restructuring support (ARS) programme which is a court designed process, M&M said in a regulatory filing.

Auditor report piles misery on M&M-owned Korean automaker SsangYong Motor

A 'disclaimer of opinion' is one among the four different types of auditor's opinions issued against a company's financial results.

South Korea's Ssangyong Motor approves use of $33 million special fund from India's Mahindra

Ssangyong Motor in a statement said its board approved the use of the fund at a meeting on Friday, and that it will use it to resolve imminent liquidity issues and to relieve market concern.

Moody's assigns lowest investment grade rating to M&M

The declining profitability of its automotive business, mainly because of the weak performance of its Korea-based subsidiary Ssangyong Motor and the limited geographic diversification of the group's non-IT businesses constrain the ratings.

Ssangyong revs up for fresh growth drive

In the second quarter, Ssangyong recorded its first quarterly net profit for six years, and it expects to finish this year in the black for the first time since 2007. It now holds 6 per cent of the overall Korean market, compared with nearly 70 per cent for Hyundai and its affiliate Kia, and sells 16 per cent of all SUVs sold in the country.

Ssangyong receives 80 bn won from Mahindra

The preferential offer has resulted in an increase in the paid-up capital of SMC by 11.9 per cent and increase in M&M's stake in SMC to 72.85 per cent from 69.63 per cent.

M&M gains on earnings hopes of Korea unit

Shares in Mahindra and Mahindra Ltd gain 3.8 percent, after stocks of its subsidiary Ssangyong Motor Co Ltd hit a 16-month high, dealers say.

M&M to invest $900m in Mahindra-Ssangyong

Mahindra & Mahindra will invest $900 million over the next four years in products to be developed jointly with its South Korean unit Ssangyong Motor Co Ltd , Mahindra's automotive president said on Wednesday.

M&M, SsangYong jointly developing 3 engines for global mkt

Auto major Mahindra & Mahindra today said it is developing three new engine platforms, along with its Korean subsidiary SsangYong Motor, which are likely to hit the roads in the next two-three years in markets across the world.

M&M to invest Rs 1,500 cr on new platform with Ssangyong

Auto major Mahindra and Mahindra today said it will invest Rs 1,500 crore to develop a new vehicle platform with its Korean subsidiary Ssangyong Motor.

Ssangyong Motor Q1 net loss at $40 m

Ssangyong Motor has announced its first quarter results. The company's Q1 net loss at 43.4 billion Korean Won (USD 40 m).

M&M eyes India launch of Ssangyong SUVs next year

Mahindra and Mahindra, India's largest utility vehicle maker, plans to launch Ssangyong Motor's Korando-C and Rexton SUVs in India in the first half of next year, a senior executive said.