Building The Best
SsangYong Motor Company (meaning Double Dragons Motor Vehicles) is the fourth largest South Korean-based automobile manufacturer. It is a subsidiary of Indian multinational Mahindra & Mahindra. A 70% share of SsangYong was acquired by Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company. Mahindra’s acquisition was approved by South Korea’s Free Trade Commission.
In April 2010, the company released a statement citing interest of three to four local and foreign companies in acquiring SsangYong Motor Company, resulting in shares rising by 15%. The companies were later revealed to be Mahindra & Mahindra and the Ruia Group of India and SM Aluminum, Seoul Investments and French-owned Renault Samsung Motors of South Korea. In August 2010, Mahindra & Mahindra Limited was chosen as the preferred bidder for SsangYong. The acquisition was completed in February 2011 and cost Mahindra 522.5 billion Won.Remapped Ssangyong Rexton 2.7 Xdi a upped bhp of 193 BHp from 165 BHp. Ssangyong Kyron 2.0 Xdi can turned into a beast by upping the bhp to 166 BHp from 144 BHp.