It’s official – South Korean SUV maker Ssangyong will be 70% owned by India’s largest SUV maker Mahindra & Mahindra Ltd, after a US$378 million deal goes through pending approval from Ssangyong’s creditors. The deal is expected to be concluded in March next year. It looks like Ssangyong’s ownership is passing from one superpower to another – China failed to do much with it, now it’s India’s turn :)