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The drawn-out drama of who would get what was left of the busted SAIC-Ssangyong deal has come to an – at least preliminary- end. Oneindia reports that India’s Mahindra & Mahindra bought the pieces of Korean Ssangyong. TTAC readers are not surprised.
Mahindra & Mahindra had been selected as the preferential bidder in August, but you know how it is: The accountants take their time, the lawyers run up the clock arguing about items in side-letters.
Mahindra & Mahindra got Ssangyong on the cheap, published reports talk about $464m.
Now for the more pressing question: When will Mahindra & Mahindra finally bring the diesel-powered trucks and SUVs to U.S. shores?
2 Comments on “Unsurprising News Of The Day: Mahindra Gets Ssangyong...”
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That’s appropriate. Despite recent abominations, Ssangyong has a proud history of building able vehicles, notably the license-built CJ7’s in both wagon and four door versions way before we had a 4 door Wrangler over here. I saw them running around Central America some years ago.
Ahh, the stuff the American goobermint doesn’t allow us to have, for our own good of course:
http://www.4-the-love-of-jeeps.com/korando.html
love their cars especially the chairman:
http://en.wikipedia.org/wiki/SsangYong_Chairman