Ssangyong Motor Company
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Edison Motors To Buy SsangYong From Mahindra For $255 Million
The announcement comes amidst SsangYong's struggles to find a new buyer with red on its ledger. The ailing automaker's sales declined 21 per cent in 2021 with the company reporting an operating loss of Rs. 1,473 crore with a revenue of Rs. 11,140 crore.
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SsangYong Motor Goes Into Receivership; Mahindra Fails To Find Buyer
Mahindra and Mahindra hasn't been able to find a buyer for SsangYong so far, leading the Korean company to go into court receivership.
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Mahindra's Ssangyong Defaults On Rs. 408 Crore Loan Repayment To 3 Different Banks
Home-grown utility vehicle manufacturer, Mahindra and Mahindra, has announced that its South Korean unit, Ssangyong Motor Company, has defaulted on loan repayments of about 60 billion Korean Won (KRW) or approx. Rs. 408 crore, to three different financial institutions.
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HAAH Automotive Offers To Invest $258 Million In Ssangyong Motor: Report
A new report suggests that the US-based import car distributor HAAH Automotive Holdings is said to be interested in investing $258 million in South Korea's SsangYong Motor for a substantial stake in the company, as Mahindra look at diluting its shareholding.
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South Korea's SsangYong Motor Looking For Possible Buyer As Mahindra May Exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
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Mahindra Board Holds Plans To Invest Fresh Equity In SsangYong Amidst Coronavirus Pandemic
Mahindra & Mahindra has announced that its board has rejected the proposal to inject fresh equity in SsangYong Motor Company (SYMC), amidst the ongoing COVID-19 crisis. The Indian auto giant holds a controlling stake in the South Korean carmaker and the latter had requested a fresh funding of 500 billion wons ($406 million) over the next three year...
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Mahindra Confirms It Will Supply Electric Powertrains To SsangYong In 2020
Electric Vehicles or EVs are not just the flavour of the season anymore. All global have either an EV project of their own under development or have an alliance brewing with another manufacturer for the same. Korea's SsangYong Motor is also looking at EV models in the immediate future. And it will rely on parent Mahindra for the electric powertrain...
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Geneva 2018: SsangYong e-SIV EV Concept Revealed
The new SsangYong e-SIV stands for 'Electronic Smart Interface Vehicle'; will be central in helping to shape the next-generation of SsangYong SUVs and EVs as the company focusses its attention on new technology and an advanced autonomous driving system.
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2018 Geneva Motor Show: Ssangyong Teases e-SIV Electric Concept
Ssangyong is all set to showcase an all-electric crossover concept at the 2018 Geneva Motor Show. According to the company, the e-SIV has a range of 480 km.
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Ssangyong Previews XAVL 7-Seater SUV Concept
Ssangyong has revealed sketches of the new concept car that will be revealed at the Geneva Motor Show in March. The company previewed a new mid-to-large size SUV which it calls the XAVL Concept. According to Ssangyong it stands for 'eXciting Authentic Vehicle Long SUV' and it builds on the smaller, chunkier XAV concept which the company revealed at...
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Mahindra-Owned Ssangyong Motors To Ink Joint Venture With Shaanxi Automobile Group of China
SsangYong Motor Company, part of the Mahindra Group, has signed a letter of intent (LOI) with the Shaanxi Automobile Group for a joint venture that will see it establish a manufacturing plant in China. This will be SsangYong's first production base overseas and will be a 50:50 partnership with the Shaanxi Automobile Group.
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SsanYong SIV-2 Previewed; Will Debut at the Geneva Motor Show
The Geneva Motor Show is all set to bring in a lot more cars to the fore and SsangYong is heading to the show with a new concept. The company has previewed the SIV-2 concept which is an upcoming production SUV larger than the Tivoli.
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SsangYong Tivoli Compact SUV Launched in Korea
SsangYong Motor - a Mahindra group company has unveiled the Tivoli - a compact SUV, in Seoul. Mahindra Group Chairman Anand Mahindra joined M&M's President, Automotive division Pawan Goenka, and SsangYong Chairman Yoo-Il Lee at the launch.
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Paris Motor Show 2016: SsangYong LIV-2 Concept Makes Public Debut
South Korean car maker SsangYong has officially revealed the LIV-2 Concept (Limitless Interface Vehicle) at the ongoing Paris Motor Show. The LIV-2 concept study previews a future production large premium SUV for the Mahindra-owned company and is a strategic product for the automaker when it will go into production next year.
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Geneva Motorshow: Ssangyong reveals the XLV Concept
SsangYong unveiled at the XLV at the Geneva Motor Show which we can safely say that this will surely been seen in a production guise very soon.
-
Edison Motors To Buy SsangYong From Mahindra For $255 Million
The announcement comes amidst SsangYong's struggles to find a new buyer with red on its ledger. The ailing automaker's sales declined 21 per cent in 2021 with the company reporting an operating loss of Rs. 1,473 crore with a revenue of Rs. 11,140 crore.
-
SsangYong Motor Goes Into Receivership; Mahindra Fails To Find Buyer
Mahindra and Mahindra hasn't been able to find a buyer for SsangYong so far, leading the Korean company to go into court receivership.
-
Mahindra's Ssangyong Defaults On Rs. 408 Crore Loan Repayment To 3 Different Banks
Home-grown utility vehicle manufacturer, Mahindra and Mahindra, has announced that its South Korean unit, Ssangyong Motor Company, has defaulted on loan repayments of about 60 billion Korean Won (KRW) or approx. Rs. 408 crore, to three different financial institutions.
-
HAAH Automotive Offers To Invest $258 Million In Ssangyong Motor: Report
A new report suggests that the US-based import car distributor HAAH Automotive Holdings is said to be interested in investing $258 million in South Korea's SsangYong Motor for a substantial stake in the company, as Mahindra look at diluting its shareholding.
-
South Korea's SsangYong Motor Looking For Possible Buyer As Mahindra May Exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
-
Mahindra Board Holds Plans To Invest Fresh Equity In SsangYong Amidst Coronavirus Pandemic
Mahindra & Mahindra has announced that its board has rejected the proposal to inject fresh equity in SsangYong Motor Company (SYMC), amidst the ongoing COVID-19 crisis. The Indian auto giant holds a controlling stake in the South Korean carmaker and the latter had requested a fresh funding of 500 billion wons ($406 million) over the next three year...
-
Mahindra Confirms It Will Supply Electric Powertrains To SsangYong In 2020
Electric Vehicles or EVs are not just the flavour of the season anymore. All global have either an EV project of their own under development or have an alliance brewing with another manufacturer for the same. Korea's SsangYong Motor is also looking at EV models in the immediate future. And it will rely on parent Mahindra for the electric powertrain...
-
Geneva 2018: SsangYong e-SIV EV Concept Revealed
The new SsangYong e-SIV stands for 'Electronic Smart Interface Vehicle'; will be central in helping to shape the next-generation of SsangYong SUVs and EVs as the company focusses its attention on new technology and an advanced autonomous driving system.
-
2018 Geneva Motor Show: Ssangyong Teases e-SIV Electric Concept
Ssangyong is all set to showcase an all-electric crossover concept at the 2018 Geneva Motor Show. According to the company, the e-SIV has a range of 480 km.
-
Ssangyong Previews XAVL 7-Seater SUV Concept
Ssangyong has revealed sketches of the new concept car that will be revealed at the Geneva Motor Show in March. The company previewed a new mid-to-large size SUV which it calls the XAVL Concept. According to Ssangyong it stands for 'eXciting Authentic Vehicle Long SUV' and it builds on the smaller, chunkier XAV concept which the company revealed at...
-
Mahindra-Owned Ssangyong Motors To Ink Joint Venture With Shaanxi Automobile Group of China
SsangYong Motor Company, part of the Mahindra Group, has signed a letter of intent (LOI) with the Shaanxi Automobile Group for a joint venture that will see it establish a manufacturing plant in China. This will be SsangYong's first production base overseas and will be a 50:50 partnership with the Shaanxi Automobile Group.
-
SsanYong SIV-2 Previewed; Will Debut at the Geneva Motor Show
The Geneva Motor Show is all set to bring in a lot more cars to the fore and SsangYong is heading to the show with a new concept. The company has previewed the SIV-2 concept which is an upcoming production SUV larger than the Tivoli.
-
SsangYong Tivoli Compact SUV Launched in Korea
SsangYong Motor - a Mahindra group company has unveiled the Tivoli - a compact SUV, in Seoul. Mahindra Group Chairman Anand Mahindra joined M&M's President, Automotive division Pawan Goenka, and SsangYong Chairman Yoo-Il Lee at the launch.
-
Paris Motor Show 2016: SsangYong LIV-2 Concept Makes Public Debut
South Korean car maker SsangYong has officially revealed the LIV-2 Concept (Limitless Interface Vehicle) at the ongoing Paris Motor Show. The LIV-2 concept study previews a future production large premium SUV for the Mahindra-owned company and is a strategic product for the automaker when it will go into production next year.
-
Geneva Motorshow: Ssangyong reveals the XLV Concept
SsangYong unveiled at the XLV at the Geneva Motor Show which we can safely say that this will surely been seen in a production guise very soon.
