Dunlop and Mahindras close in on bid to buy out Ssang Yong Motor

Dunlop, one among the six short listed companies to buy out South Korea’s Ssangyong Motor, has sought more time before making its final call on its status regarding the buyout.

Sssangyong Motor presently undergoing a restructuring programme, is following the directions of the Seoul Central District Court, which ruled last year, that the company must find a buyer if it wishes to keep afloat, believing the fresh capital will bail the company out of its present financial worries.