Mon, Jan 10, 2022
A Seoul court on Monday approved a local consortium's acquisition of Mahindra & Mahindra-owned SsangYong Motor by Edison Motors for $254 million, paving the way for the financially-troubled carmaker to get back on track.
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Wed, Feb 12, 2020
SsangYong has been struggling with deteriorating earnings since 2017 when it slipped into the red with a net loss of 66 billion wons as against a net profit of 58 billion wons in 2016. In 2018, its net loss rose to 62 billion wons and then ballooned to 341 billion wons in 2019.
Sun, Nov 25, 2018
Home grown auto major Mahindra & Mahindra (M&M) has put on hold plans to introduce SsangYong brand in the US, a top company official said.
Tue, Nov 21, 2017
Anand Mahindra said his company had been testing self-driving models since it bought a minority stake in Japan`s Mitsubishi Agriculture Machinery in 2015. Mahindra & Mahindra operates several US tractor assembly plant
Mon, Mar 27, 2017
Mahindra's management accepted that its recently launched compact SUVs (the KUV100 and TUV300) have not met management’s expectations
Sun, Feb 19, 2017
Besides, it plans to launch another SUV codenamed 'S201' that is being developed on the platform of Tivoli from the stable of its South Korean arm Ssangyong in the second half of 2018-19.
Wed, Oct 12, 2016
It also saw a 50% decline in sales from the previous month. In the month of August the sales of the SUV wasn't any better and stood at just 4 units.
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