Car Stringh

Renault and Mahindra to compete to buy Ssangyong Motor (SM). Incidentally, a sports utility vehicle manufacturer vehicles (SUVs) from South Korea that has been done structuring since last year, after the company revealed losses of the period of two years ago. Renault and Mahindra (India) interested in acquiring a value of 500 million U.S. dollars. Thus the Reuters news agency reports quoted Autoevolution.

Of the two manufacturers, according to Reuters, Renault-Nissan's most interested in BC. They have a division of Renault's Samsung in State Ginseng. When asked in their footsteps, both Nissan and Ssangyong has not commented. Reticence Renault and Mahindra are also shown.

"Mahindra has attracted a good reason to buy Ssangyong. They are a new company in the automotive, from there can learn about the manufacturing and marketing of Ssangyong," said Kevin Lee, an analyst at Korea Investment Corporation Shinhan.

South Korean media thinks, Renault-Nissan alliance is likely to be buyers.

Currently, Ssangyong more developed and has undergone its latest SUV test C200. Production plan starting next year. For the domestic market of South Korea, C200 will compete with Honda CR-V and Ford Kouga.

New Latest Reportage of Ssabgyong C200 SUV . Mahindra has been called as the adopted applicant for Ssangyong Motors, and the two companies are set to assurance a Memorandum of Understanding by the end of August 2010 afore a due activity action starts the afterward month. Mahindra will additionally be advantageous a 5% drop for its behest bulk this month.

There’s no official chat on how abundant Mahindra’s bid is. Whatever the bulk is, demography over Ssangyong isn’t activity to be cheap, and again there is additionally the catechism of the huge bulk of debt the South Korean SUV maker has.

Renault-Nissan pulled out due to aerial costs, and Mahindra was best over Indian tyre maker Ruia Group and South Korean aggregation Young An Hat Co Ltd, the buyer of Daewoo Bus.