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Korea's Ssangyong Motor is Up for Sale
June 23rd, 2020 - 12:00 GMT

Korea's Ssangyong Motor is Up for Sale

SsangYong Motor, a South Korean automaker owned by India's Mahindra & Mahindra, is up for sale amid mounting deficits and the economic impact of the COVID-19 pandemic. Sources in the investment banking industry said Monday that Samsung Securities and Rothschild & Co. will take charge of tapping the market for potential buyers. SsangYong acknowledged the company is looking for new investors. Advertisement "We have put forth various self-rescue efforts by ...
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