- SsangYong Motor Co. reported on Friday that its net loss sharply widened in the first quarter compared to a year earlier, marking the 13th consecutive quarter in the red, amid growing worries over the coronavirus outbreak.
- Sales fell 30 percent to 649.19 billion won from 933.21 billion won during the same period.
- In 2011, Mahindra & Mahindra acquired a 70 percent stake in SsangYong Motor for 523 billion won.