Automakers

Mahindra seeks to cede control of SsangYong

(KIM HONG-JI/REUTERS)
AS
By:
Aditi Shah
R
By:
Reuters
|
June 12, 2020 01:07 PM

NEW DELHI -- Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker's managing director said on Friday, as it looks to exit money-losing ventures amid the coronavirus pandemic.

Staying current is easy with newsletters delivered straight to your inbox.