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Mahindra & Mahindra-SsangYong alliance comes to an end

SsangYong, Mahindra & Mahindra’s Korean acquisition, has been sold to Edison Motors. Click here for a detailed analysis. ....

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Carmakers Ssangyong And BYD Join Hands To Develop EV Batteries And Electric Cars

The cash-strapped Korean carmaker is betting on EVs for the future, starting with the U100 electric SUV in 2023 ....

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No buyer for Mahindra-backed SsangYong Motor- Business News

SsangYong had defaulted on a loan payment worth 165 billion won (US$148 million) on December 21, 2020, following which it applied for court receivership. However, the company was given three months to secure funds after saying it was in talks with US-base ....

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쌍용차, P플랜 비용 예납‥투자 협상 다시 속도 내나

쌍용차, P플랜 비용 예납‥투자 협상 다시 속도 내나
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COVID-19 impact: Ford Mahindra joint venture scrapped

COVID-19 impact: Ford Mahindra joint venture scrapped
Updated Jan 01, 2021 | 10:55 IST
The new venture was also envisaged to acquire the automotive business of Ford India Pvt Ltd (FIPL), a wholly-owned subsidiary of FMC, that has been engaged in the automotive business in India since 1995.
COVID-19 impact: Ford Mahindra joint venture scrapped | Representative image
US auto major Ford Motor Co on Friday said it and India s Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the December 31, 2020 longstop or expiration date of a definitive agreement the organisations entered into in October 2019, Ford Motor Company said in a statement. ....

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