M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything from banking and agribusiness, to aerospace technology and real estate.

M&M, which stands for Mahindra & Mahindra, is the flagship company of the Mahindra Group and has a presence in both the automotive and tractor businesses. Anand Mahindra, son of one of India’s richest families, leads the company.

Mahindra certainly has great ambitions for his company and SsangYong, the bankrupt Korean manufacturer which he bought in November 2010. Automotive News reports that Anand recently stated “We want to be India’s first global cult brand”.

Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra won the bid for the troubled Korean carmaker in August 2010.

Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra won the bid for the troubled Korean carmaker in August 2010.

Ladies and gents, meet South Korea's SsanYong latest creation, the SUT 1 Concept that was revealed at this week's 2011 Geneva Motor Show. The SUT 1 is a pre-production study of an SUV with a truck bed at the back that will replace the current Actyon Sports. According to the troubled (in more ways than one, as you'll see) automaker, the goal of the SUT 1 concept is simple -ahem- "to be the world's best pick-up truck."

Ladies and gents, meet South Korea's SsanYong latest creation, the SUT 1 Concept that was revealed at this week's 2011 Geneva Motor Show. The SUT 1 is a pre-production study of an SUV with a truck bed at the back that will replace the current Actyon Sports. According to the troubled (in more ways than one, as you'll see) automaker, the goal of the SUT 1 concept is simple -ahem- "to be the world's best pick-up truck."