SsangYong Motor Company
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SsangYong Motor Company (Korean: 쌍용자동차 주식회사) is the fourth largest South Korea-based automobile manufacturer,[3] which is owned by Indian multinational automotive company Mahindra & Mahindra Limited.
A 70% share of SsangYong was acquired by Mahindra & Mahindra in February 2011,[4] after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company.[5] Mahindra’s acquisition was approved by South Korea’s Free Trade Commission.[6] As of January 2019, Mahindra & Mahindra holds a 74.65% stake in the company.[7]
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