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Sunday, August 22, 2010
Mahindra preferred bidder for SsangYong
Mahindra & Mahindra, the Indian SUV manufacturer has been named as a favoured bidder for SsangYong, the failing South Korean car firm. SsangYong racked up debts of $634m (400m) and is presently being reorganised under court control. Last year saw fierce protests from SsangYong’s employees, postponing the launch of the all-new C200 compact SUV. If Mahindra & Mahindra decide to purchase SsangYong,
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