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Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra won the bid for the troubled Korean carmaker in August 2010. Read more »
Ladies and gents, meet South Korea's SsanYong latest creation, the SUT 1 Concept that was revealed at this week's 2011 Geneva Motor Show. The SUT 1 is a pre-production study of an SUV with a truck bed at the back that will replace the current Actyon Sports. According to the troubled (in more ways than one, as you'll see) automaker, the goal of the SUT 1 concept is simple -ahem- "to be the world's best pick-up truck." Read more »
