U.S. May Submit Binding Bid for SsangYong Motor

SEOUL, Aug. 20 (Korea Bizwire) — A U.S. automotive distribution company may submit a binding offer to acquire a stake in SsangYong Motor Co. next month as the carmaker’s Indian parent looks for an investor, media reports said Thursday. HAAH Automotive Holdings, Inc., a California company that imports vehicles for the U.S. market, is preparing [...]