Mahindra Buys Ssangyong, Maker Of The World’s Ugliest Car, For $463 Million

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Mahindra Buys Ssangyong, Maker Of The World’s Ugliest Car, For $463 Million
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India’s Mahindra will buy troubled Korean carmaker Ssangyong for $463 million, with Mahindra gaining a 70% stake in the company. The deal is expected to conclude in March, 2011. “Together with its financial capability, Mahindra offers competence in sourcing and marketing strategy while Ssangyong has strong capabilities in technology,” Mahindra President Pawan Goenka said in… Continue Reading...