In April 2009, due to the violent conflict between the trade union and the South Korean police, Ssangyong Motor entered the process of rebirth (bankruptcy). In the same year, Shanghai Automotive Industry (Group) Corporation indicated that it was possible to give up its rights and interests in the company, and its temporary supervisor decided to contact other buyers. However, due to the powerful influence of Ssangyong Automobile Trade Union and the violent impression it left on the outside world, this process has temporarily come to a standstill.
In Ssangyong's capital reduction plan, the shares held by SAIC are reduced by 5 shares to 1, and the shares of other shareholders are reduced by 3 shares to 1. After the reduction, SAIC will change from controlling shareholder to minority shareholder.
2010165438+1October 23rd, Ssangyong Motor and Ma Hengda &; Mahindra Group signed the final agreement in Seoul, South Korea. Ma Hengda Group will acquire 70% equity of Ssangyong Motor and officially become the operator of Ssangyong Motor.
technical competence
On June 27, 2005, Shanghai Automobile Group Co., Ltd. completed the equity delivery procedures of South Korea Ssangyong Automobile Co., Ltd. and obtained 565,438+0.33% shares of Ssangyong Automobile Co., Ltd., officially becoming its largest shareholder. Ssangyong motor is a leading manufacturer of SUVs, focusing on the mid-to high-end four-wheel drive off-road vehicles and cars market. Its main products are the chairman of luxury cars, four-wheel drive off-road vehicles Rexton, Colando, Musso and luxury MPV Rodius. After entering the SAIC family, Ssangyong will take "one heart and one mind, a new starting point and new challenges" as its new values, give full play to the synergistic effect of SAIC and Ssangyong, and enhance their overall competitiveness in product design, parts procurement and marketing network.