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SsangYong Motor set to go under court receivership

SsangYong Motor set to go under court receivership Posted : 2021-04-07 16:36 Updated : 2021-04-07 17:59 SsangYong Motor s Tivoli vehicles are lined up for sale in Pyeongtaek, Gyeoggi Province, in this file photo on Feb. 3. Yonhap By Lee Min-hyung SsangYong Motor is likely to enter court receivership as early as today, as the Korea Development Bank (KDB), the main creditor of the cash-strapped firm, is set to approve court-led restructuring after the firm failed to secure any new investments. The move came after the ailing company de facto failed to sign an investment contract with U.S. car retailer HAAH Automotive, its latest negotiating partner, leaving the KDB with no other choice but to reach an agreement with the court over the legal procedure.

Ssangyong Motor: SsangYong faces risk of delisting, liquidation

Ssangyong Motor: SsangYong faces risk of delisting, liquidation
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Mahindra s New CEO Seeks To Revive Growth At $19 Billion Group

Mahindra’s New CEO Seeks to Revive Growth at $19 Billion Group Apr 06 2021, 5:01 PM April 05 2021, 10:09 AM April 06 2021, 5:01 PM (Bloomberg) Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah. (Bloomberg) Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah. Shah, 51, has his task cut out for him. The $19 billion group’s SUV market share has plunged to 13%, from 50% seven years ago. It has struggled with failing investments and the pandemic’s blow to the automobile industry, which led it to report quarterly losses last year, its first in nearly two decades. Last week, it ended plans to collaborate with

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