NEW DELHI/BEIJNG (Reuters) -- Indian conglomerate Mahindra & Mahindra is revising its strategy for its money-losing Korean automaker SsangYong Motor Co., and will suspend plans to push into the U.S. to focus instead on China.
NEW DELHI/BEIJNG (Reuters) -- Indian conglomerate Mahindra & Mahindra is revising its strategy for its money-losing Korean automaker SsangYong Motor Co., and will suspend plans to push into the U.S. to focus instead on China.
Automakers are expected to produce fewer vehicles in North America because of tariff costs.