Ssangyong Motor says to invest $263 mln in new vehicles

Posted on March 5, 2012. Filed under: Uncategorized |

Ssangyong Motor Co, in which India's Mahindra & Mahindra Ltd is a majority shareholder, said on Wednesday that it planned to invest 295.8 billion won to develop premium small crossover utility vehicles (CUVs).

The South Korean carmaker said in a regulatory filing that it expected the new models to help create new demand and expand sales, without elaborating

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