List of articles tagged: South Korea

Mahindra & Mahindra Ltd. (M&M), emerged as the preferred bidder for the acquisition of a majority stake in South Korean SUV maker, Ssangyong Motor Company (SYMC).  The company would be required to enter into a Memorandum of Understanding with SYMC, followed by a detailed due diligence process. SYMC is a Korean manufacturer of auto and aggregates, with 7 models under 5 brands. The 7 models include 2 large sized sedans, 4 SUVs and 1 MPV. It also has a manufacturing plant for gasoline and diesel engines as well as axles.

In most markets that Mercedes Benz has a presence in has registered a good growth for the company in the month of January 2010 with India leading the way with more than 400% growth.

The President of South Korea Myung-bak, and the First Lady Kim Yoon-ok visted the Hyundai Motor India factory in Sriperumbudur, Tamil Nadu on Sunday and interacted with the employees. Also present on the occassion was Chung Mong-Koo, Chairman & CEO, Hyundai-Kia Motor Group.