Mahindra to Renounce Controlling Stake in SsangYong if Investor Comes Up

SEOUL, Aug. 10 (Korea Bizwire) — Indian carmaker Mahindra & Mahindra Ltd. will give up its status as the biggest shareholder of SsangYong Motor Co. if it finds a new investor, the South Korean company said Monday. Mahindra’s board of directors recently agreed to lower the company’s 74.65 percent stake in SsangYong Motor to below [...]