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Ssangyong Motors may shed some senior executive jobs as part of cost cutting

Ssangyong Motors may shed some senior executive jobs as part of cost cutting SECTIONS Share Synopsis The Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not submit an LoI by the March 31 deadline. Court receivership is one step short of bankruptcy in South Koreas legal system. In receivership, the court will decide whether and how to revive the company. Getty Images A Ssangyong Motors launch event (2019 pic). M&M...
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Mahindra & Mahindra: Mahindra receives clearance from RBI to reduce stake in SsangYong Motor

Mahindra & Mahindra is understood to have received clearance from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor, putting the sale process with the potential investor HAAH Automotive Holdings on fast track. The UV maker has got approval from the Reserve Bank of India to reduce its stake of 75 per cent in SsangYong Motor to 25 per cent through capital reduction, say people in the know. "RBI has approved capital decrease. Ssangyong is trying its best to nego...
Automotive Holdings Reserve Bank Ssangyong Motor Seung Bum Mahindra Amp M Amp

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