The drawn-out drama of who would get what was left of the busted SAIC-Ssangyong deal has come to an – at least preliminary- end. Oneindia reports that India’s Mahindra & Mahindra bought the pieces of Korean Ssangyong. TTAC readers are not surprised.
Mahindra & Mahindra had been selected as the preferential bidder in August, but you know how it is: The accountants take their time, the lawyers run up the clock arguing about items in side-letters.
Mahindra & Mahindra got Ssangyong on the cheap, published reports talk about $464m.
Now for the more pressing question: When will Mahindra & Mahindra finally bring the diesel-powered trucks and SUVs to U.S. shores?