Mahindra says it won't invest further in South Korean unit SsangYong

Mahindra and Mahindra has said it won't invest further in SsangYong Motor and asked the South Korean unit to look for other means of funding. The announcement comes less than two months after Mahindra said it would invest $423 million to turnaround SsangYong. However, Mahindra is considering a one-time infusion of $32 million in SsangYong over the next three months.