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Hindustan Motors Sells Ambassador to Peugeot

By: Team Ifairer | Posted: 13-02-2017
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Hindustan Motors Sells Ambassador to PeugeotHindustan Motors Sells Ambassador to Peugeot
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A CK Birla Group spokesperson said, "We have executed an agreement with the Peugeot SA Group for the sale of the brand Ambassador, including the trademarks... We intend to use the proceeds from the sale to clear dues of employees and lenders".
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