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쌍용차, P플랜 비용 예납‥투자 협상 다시 속도 내나

쌍용차, P플랜 비용 예납‥투자 협상 다시 속도 내나
edaily.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edaily.co.kr Daily Mail and Mail on Sunday newspapers.

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COVID-19 impact: Ford Mahindra joint venture scrapped

COVID-19 impact: Ford Mahindra joint venture scrapped
Updated Jan 01, 2021 | 10:55 IST
The new venture was also envisaged to acquire the automotive business of Ford India Pvt Ltd (FIPL), a wholly-owned subsidiary of FMC, that has been engaged in the automotive business in India since 1995.
COVID-19 impact: Ford Mahindra joint venture scrapped | Representative image
US auto major Ford Motor Co on Friday said it and India s Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the December 31, 2020 longstop or expiration date of a definitive agreement the organisations entered into in October 2019, Ford Motor Company said in a statement. ....

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Mahindra and Ford Motor Co call off proposed JV citing pandemic

Mahindra and Mahindra’s (M&M) second stint with Ford Motor Co as a joint venture partner has ended before it could start.
The two companies have called off the proposed equity collaboration as part of which Ford would have ceded control of the Indian subsidiary to Mahindra. With the JV off the table, the duo will pursue independent strategies in the world’s fifth largest auto market. Meanwhile, M&M is also expecting to conclude a deal with a potential buyer for sale of its stake in Ssangyong Motor Co by February end.
Both the developments reinforce the strategy of a tighter capital allocation which the Anand Mahindra-led firm embarked upon in the beginning of the ongoing fiscal. It also is an indication of the far reaching implications of the Covid-19 pandemic and its impact on the business plans of companies in India and globally. ....

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마힌드라 쌍용차 지분매각 협의 막바지…다음주 텀시트 체결

마힌드라 쌍용차 지분매각 협의 막바지…다음주 텀시트 체결
hankyung.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hankyung.com Daily Mail and Mail on Sunday newspapers.

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