▪With a focus on EV-dedicated platforms, software-defined vehicles (SDV), autonomous vehicles and AI technologies, the company is embracing the paradigm shift impacting the automotive industry ▪‘Go Different. KG Mobility’ – a new brand slogan adopted to emphasise the company’s future direction ▪ New ethos adopted to become a proud and respected company as a mobility… Continue reading @Mahindra: SsangYong Motor changes its corporate name to KG Mobility in first step to becoming a full mobility company
Author: Mahindra and Mahindra Official News
@Mahindra: SsangYong Motor completes its corporate rehabilitation and vows to make a fresh start
SsangYong Motor Company announced on November 11ththat it had completed the repayment of the rehabilitation debt with funds resulting from its acquisition by the KG Group, and has now completed its corporate rehabilitation procedure some 18 months after the start of its rehabilitation in April 2021. The company now plans to accelerate its early management… Continue reading @Mahindra: SsangYong Motor completes its corporate rehabilitation and vows to make a fresh start
@Mahindra: SsangYong Motor lays foundation for business turnaround with the final authorisation of its proposed rehabilitation
▪ Successful conclusion of ‘The Assembly of Related Persons’ with overwhelming consent of creditors lays the foundation for the normalisation of the business ▪ Improved financial position and new capital structure result from implementing the rehabilitation plans including debt clearance and conversion of investments ▪ Subject to the Court’s agreement, the company will request the… Continue reading @Mahindra: SsangYong Motor lays foundation for business turnaround with the final authorisation of its proposed rehabilitation
@Mahindra: SsangYong Motor selects the KG Consortium as its final bidder
▪ Contract with the KG Consortium to conclude the sale without change to the investment conditions ▪ Rehabilitation plan based on the investment proposal to be submitted to the court by the end of July SsangYong Motor Company (SYMC) has announced that it has selected the KG Consortium as its final bidder to acquire the… Continue reading @Mahindra: SsangYong Motor selects the KG Consortium as its final bidder
@Mahindra: SsangYong signs conditional investment contract with KG consortium
SsangYong Motor Company announced that it signed a conditional investment deal with a KG consortium on May 18th, ahead of the auction later this month to find a new investor. KG consortium is formed with Special Purpose Companies (SPC), which are KG Mobility, KG ETS, KG Steel, KG Inicis, KG Mobilians, and with private… Continue reading @Mahindra: SsangYong signs conditional investment contract with KG consortium
@Mahindra: SsangYong Motor selects KG Consortium as an Expected Acquisition Prior to M&A Announcement
SsangYong Motor announced on the 13th to select the KG Consortium as a prospective takeover company with the consent of the court in Korea. SsangYong Motor and EY Hanyoung Accounting Corporation conducted a comprehensive evaluation focusing on▲size of the acquisition price▲paid-in capital increase ratio and required share ratio▲plan to secure operating funds after the acquisition… Continue reading @Mahindra: SsangYong Motor selects KG Consortium as an Expected Acquisition Prior to M&A Announcement
@Mahindra: SsangYong cancels its investment contract with Edison Motors Consortium
▪ Edison fails to fulfill its obligation to deposit the acquisition balance due by March 25▪ SsangYong to seek more competitive investors and submit new rehabilitation plans within legal period SsangYong Motor Company (SYMC) has announced that the Investment contract for the Merger & Acquisition (M&A) signed on January 10, 2022 with Edison Motors… Continue reading @Mahindra: SsangYong cancels its investment contract with Edison Motors Consortium
@Mahindra: Mahindra XUV300 recognised by Global NCAP as the safest vehicle on Indian roads in the last 6 years
Mahindra XUV300 Gets Yet Another Global Safety Recognition Highest Occupant Safety Rating among all Vehicles Tested between 2014-2020 Mumbai, July 14, 2020: Mahindra & Mahindra Ltd, part of the USD 19.4 billion Mahindra Group, today announced that its compact SUV, the XUV300, has topped Global NCAP’s six-year safety rankings. This makes the XUV300 the safest… Continue reading @Mahindra: Mahindra XUV300 recognised by Global NCAP as the safest vehicle on Indian roads in the last 6 years
@Mahindra: Tech Mahindra Announces mPAC 3.0 – Next-Generation Cloud Management Platform for Enterprises Globally
Acceleratestime-to market and ensures cost optimization across verticals New Delhi – 11 June, 2020:Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services today announced the launch of mPAC 3.0(Managed Platform for Adaptive Cloud), next-generation cloud management platform for enterprises globally. Further, this will assist enterprises to transform their businesses by… Continue reading @Mahindra: Tech Mahindra Announces mPAC 3.0 – Next-Generation Cloud Management Platform for Enterprises Globally
@Mahindra: TechMahindra and Openet Announce Global Strategic Partnership to Enable Digital Transformation for Customers Globally
Leverage 5G and cloud technologies to acceleratedigital transformation for communications service providers New Delhi, Dublin – May XXX, 2020 – Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services andOpenet, a leader in the supply of digital business support system (BSS)solutions, today announced a global strategic partnership to enable digital… Continue reading @Mahindra: TechMahindra and Openet Announce Global Strategic Partnership to Enable Digital Transformation for Customers Globally