A pedestrian walks past Ssangyong Motor's vehicle Korando in front of the company's branch shop in Seoul August 10, 2010. India's Mahindra & Mahindra said on Saturday its board of directors had approved submission of a binding bid to buy a majority stake in troubled South Korean automaker Ssangyong Motor as it seeks to become a major global utility vehicles maker. REUTERS/Jo Yong-Hak (SOUTH KOREA - Tags: TRANSPORT BUSINESS)