Indian truck maker Mahindra & Mahindra Ltd. reportedly agrees to pay $378 million for a 70% stake in Koreaâ€™s Ssangyong Motor Co. Ltd., which has been under bankruptcy protection since July 2009. The deal, which still requires approval by the Korean companyâ€™s creditors, includes the assumption of some of Ssangyongâ€™s corporate debt. Mahindra expects to complete the acquisition by March. Mahindra signed a memorandum of understanding in August to take a majority stake in the struggling ...
Premium Content (PAID Subscription Required)
"Mahindra to Take 70% Stake in Koreaâ€™s Struggling Ssangyong" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642