Mahindra & Mahindra To Bid For Majority Stake In South Korea’s Ssangyong

India’s Mahindra & Mahindra Ltd. (500520.BY) said Saturday its board has approved submission of a binding bid to acquire a majority stake in South Korea’s cash-strapped sport-utility vehicle maker Ssangyong Motor Co. (003620.SE). The potential acquisition of Ssangyong will provide Mahindra with a ready portfolio of SUVs and sedans, as […]