Mahindra & Mahindra looking to offload SSANGYONG | NZ Market Update

  • Jun 16, 2020 NZST
  • Team Kalkine

New Zealand has two new cases of Covid-19, breaking a case-free streak lasting 24 days. Director-general of health Dr Ashley Bloomfield said two women - one in their 30s and one in her 40s - received their test results on Tuesday morning. The Ministry of Health on Tuesday confirmed two new cases related to the border, with both recently arriving from the UK.

As Covid-19 restrictions made real estate difficult, there's been a massive drop in the number of properties sold last month compared to the same time last year. According to the latest data from the Real Estate Institute of New Zealand (REINZ), the number of sales dipped by 46.6 per cent, from 7477 to just under 4000.

SsangYong's owner, Mahinda & Mahindra, is looking to offload the Korean car-maker after a grim first half of the year. Over last weekend, managing director of Mahindra, Pawan Goenka, confirmed to Reuters: “SsangYong needs a new investor. We are working with the company to see if we can secure investment.”

#Mahindra #NewZealand #COVID19 #Kalkine


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