New Latest Reportage of Ssabgyong C200 SUV . Mahindra has been called as the adopted applicant for Ssangyong Motors, and the two companies are set to assurance a Memorandum of Understanding by the end of August 2010 afore a due activity action starts the afterward month. Mahindra will additionally be advantageous a 5% drop for its behest bulk this month.
There’s no official chat on how abundant Mahindra’s bid is. Whatever the bulk is, demography over Ssangyong isn’t activity to be cheap, and again there is additionally the catechism of the huge bulk of debt the South Korean SUV maker has.
Renault-Nissan pulled out due to aerial costs, and Mahindra was best over Indian tyre maker Ruia Group and South Korean aggregation Young An Hat Co Ltd, the buyer of Daewoo Bus.
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