South Korea: M&M completes acquisition of Ssangyong

Indian utility vehicle manufacturer Mahindra & Mahindra has completed the acquisition of a majority stake in South Korean OEM Ssangyong Motor. Mahindra now holds a 70% stake in Ssangyong, for which it paid US$463m. Yoo-il Lee has been named the South Korean company's new chief executive officer, while Mahindra's Dilip Sundaram Subscribe to Automotive World … Continued

• By Webmaster
• March 16, 2011