M&M unit SsangYong on the lookout for a strategic investor

The development comes in the wake of calls from financial institutions to Mahindra to inject more funds into the South Korean firm, given its deteriorating bottom line. SsangYong’s net losses had more than tripled year on year to about $160 million (185.5 billion won) during the first nine months of 2019.

from Auto-Industry-Economic Times https://ift.tt/379PM7a