Pawan Kumar Goenka (L), president of Mahindra & Mahindra's Automotive & Farm Equipment Sectors, talks with Anand G. Mahindra, Mahindra & Mahindra's vice chairman and managing director, during a news conference in Seoul August 23, 2010. Indian utility vehicles maker Mahindra & Mahindra said on Monday it had signed a memorandum of understanding to buy a majority stake in troubled South Korean automaker Ssangyong. On Aug. 12 Ssangyong had named Mahindra as its preferred buyer. REUTERS/Truth Leem (SOUTH KOREA - Tags: TRANSPORT BUSINESS)