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Ssangyong Motor

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Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency. IMAGE: Mahindra Automotive North......

Ford, Mahindra to scrap proposed JV

With the JV off the table, the duo will pursue independent strategies in the world’s fifth largest auto market. Mahindra and Mahindra’s (M&M) second stint with Ford Motor Co as a joint......

Mahindra's South Korean arm SsangYong Motor files for bankruptcy

Mahindra & Mahindra (M&M) on Monday said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy. The SYMC has filed an application for commencement of......

Mahindra's Ssangyong misses loan repayment of Rs 480 cr to JP Morgan

M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes. Ssangyong Motor Co (SYMC), the......

India Inc faces rough weather in overseas biz

As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the......

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