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| M&M says deal to sell SsangYong Motor terminated | Writer | Admin | |||
|---|---|---|---|---|---|
Indian carmaker Mahindra & Mahindra said on Thursday that a deal to sell its debt-ridden unit, SsangYong Motor Co Ltd, to South Korean electric carmaker Edison Motors Co had been terminated. SsangYong has been under court receivership since last April in an attempt to rehabilitate the carmaker after majority owner Mahindra and Mahindra failed to secure a buyer. |
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