MUMBAI – Finalizing the acquisition of South Korea’s Ssangyong Motor Co. Ltd. by India’s Mahindra & Mahindra Ltd. last month was just the start. The real success of the deal depends on a smooth integration of the two auto makers. A lot is at stake. Mahindra made an advance earnest money deposit of $37 million in November for its 70% stake, which is 10% of Ssangyong’s final equity-sale value. The $341 million balance will be paid by the Indian company three days before a meeting with ...

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