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| SsangYong Information | |
|---|---|
| Founded | 1954 |
| Headquarters | Seoul, South Korea |
| Parent | Mahindra & Mahindra Limited (70%) |
| Official Site | www.SsangYong.com |
| Overview |
Ssangyong Motor Company (Ssangyong meaning “Double Dragons”), is the fourth largest South Korean-based automobile manufacturer. It is a subsidiary of Indian multinational Mahindra & Mahindra.
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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.
