G4 Rexton Archives | Be Korea-savvy

SsangYong Motor Swings to 2017 Net Loss on Low Demand, Strong Won

SEOUL, Feb. 13 (Korea Bizwire) – SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., swung to a net loss last year on weak exports and the strong won, the company said Tuesday. For the whole of 2017, the company posted a net loss of 65.8 billion won (US$61 million), [...]

Mahindra, SsangYong to Jointly Develop EVs to Enter U.S., China

ILSAN, Mar. 31 (Korea Bizwire) — India’s Mahindra Group and its South Korean unit SsangYong Motor Co. will jointly develop an electric vehicle (EV) using the same platform that can target large emerging green car markets in the coming years, the automotive conglomerate’s chief said Thursday. The companies are aiming to develop high-end EVs by [...]