Renault and Mahindra to compete to buy Ssangyong Motor (SM). Incidentally, a sports utility vehicle manufacturer vehicles (SUVs) from South Korea that has been done structuring since last year, after the company revealed losses of the period of two years ago. Renault and Mahindra (India) interested in acquiring a value of 500 million U.S. dollars. Thus the Reuters news agency reports quoted Autoevolution.
Of the two manufacturers, according to Reuters, Renault-Nissan's most interested in BC. They have a division of Renault's Samsung in State Ginseng. When asked in their footsteps, both Nissan and Ssangyong has not commented. Reticence Renault and Mahindra are also shown.
"Mahindra has attracted a good reason to buy Ssangyong. They are a new company in the automotive, from there can learn about the manufacturing and marketing of Ssangyong," said Kevin Lee, an analyst at Korea Investment Corporation Shinhan.
South Korean media thinks, Renault-Nissan alliance is likely to be buyers.
Currently, Ssangyong more developed and has undergone its latest SUV test C200. Production plan starting next year. For the domestic market of South Korea, C200 will compete with Honda CR-V and Ford Kouga.
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Monday, May 31, 2010
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