11 Articles
Mahindra reportedly inks deal to buy Ssangyong for $463M

Indian automaker Mahindra & Mahindra has officially sunk its teeth into South Korean automaker Ssangyong to the tune of $463.6 million. For that low, low price Mahindra has effectively walked away with a 70 percent controlling stake in Ssangyong through the purchase of newly released shares in the company and existing corporate bonds. The move follows up on a pact to acquire Ssangyong tha

REPORT: SAIC stole hybrid technology, says Ssangyong

Even though Ssangyong Motor, a Korean company, claims it does not have any plans to sue the Shanghai Automotive Industry Corporation (SAIC), Korean prosecutors said yesterday that SAIC illegally took information about gasoline-electric hybrid technology from Ssangyong in 2006. The Seoul Central District Prosecutors' Office has indicted seven engineers at Ssangyong for leaking the information to SAIC, which at the ti

Ssangyong Rexton II revealed ahead of schedule

Though not scheduled to be officially unveiled before the end of the month, a pair of pics has already been released of the redesigned Rexton II from the Chinese-owned Korean automaker Ssangyong (click here to see its UK site). The Rexton doesn’t appear all that large from the outside, but this ute can swallow seven people just like the new Toyota RAV4 with which it appears to share a D-pillar. The Rexton II also sports a very Mercedes-like