SsangYong

SsangYong Motor Company is the fourth largest South Korea-based automobile manufacturer, which is owned by Indian multinational automotive company Mahindra & Mahindra Limited. A 70% share of SsangYong was acquired by Mahindra & Mahindra in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company. On 21 December 2020, SsangYong Motor filed for bankruptcy.

SsangYong originally started out as two separate companies; Ha Dong-hwan Motor Workshop (established in 1954) and Dongbang Motor Co (established in 1962). In mid-1963, the two companies merged into Ha Dong-hwan Motor Co. After changing its name to Dong-A Motor in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986. After Dong-A Motor was taken over by SsangYong Business Group, Dong-A Motor changed its name to SsangYong Motor in 1988. In 1997, Daewoo Motors, now GM Korea, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles. In late 2004, the Chinese automobile manufacturer SAIC took a 51% stake of SsangYong Motor Company.