Renault submits prelim bid for Ssangyong - source
SEOUL |
SEOUL May 28 (Reuters) - French carmaker Renault SA (RENA.PA) has submitted a preliminary bid to buy troubled SUV maker Ssangyong Motor (003620.KS), a source with knowledge of the situation told Reuters on Friday.
Ssangyong, the smallest South Korean carmaker, has been in court-led restructuring since early 2009 and was put up for sale this month, following two consecutive years of shortfalls.
Renault-Nissan and Renault Samsung declined comment.
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