Ssangyong

Originally building jeeps for the U.S Army, and trucks and buses for general sale, the Dong-A Motor Company was purchased by the Ssangyong Business Group in 1986, changing its name to SsangYong Motor. A partnership with Daimler-Benz started in 1991, giving SsangYong a foothold in untapped markets, while manufacturing a SUV for Mercedes in return, the Musso. From this relationship, SsangYong produced the Istana, a rebadged Mercedes-Benz MB100. Daewoo Motors briefly bought a controlling stake in 1997, before the Shanghai Automotive Industry Corporation (SAIC) bought a 51% share. The company went into receivership in 2009, but has since signed a non-exclusive dealership agreement with General Motors for US$17.6 million. In 2010 SsangYong was sold to Mahindra & Mahindra Limited for US$511 million.

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