Mahindra & Mahindra of India is investing an additional $73.7 million in paid-in capital to provide its struggling Ssangyong Korean subsidiary with badly needed funds, primarily to finance new-product development. Ssangyong is Korea’s smallest auto maker, specializing in light trucks. The transaction, approved by Ssangyong’s board of directors this month, involves the issuance of 11.54 million new shares of Ssangyong common stock by early June. The Korean company will ...

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