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HAAH reported to submit LOI for SsangYong Motor by July 30

On July 25, Duke Hale, founder and head of U.S.-based vehicle importer HAAH Automotive Holdings Inc. said his company is set to submit its letter of intent (LOI) by July 30 to acquire SsangYong Motor Co., according to industry sources familiar with the matter.
SsangYong's Indian parent Mahindra & Mahindra Ltd. had be....

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