上海汽车与韩国双龙（C）

This final case of the three-case series describes the grim situation facing SAIC in late 2008, as it is pummeled by the financial crisis after having seemed to overcome some of the major challenges of the first two years as controlling shareholder of Ssangyong. The Ssangyong union was again resisting proposed changes that SAIC saw as inevitable to ensure Ssangyong's continued solvency. SAIC now had to decide whether to push through the necessary changes in spite of union resistance, give up control to a court receiver, or divest its share of Ssangyong. The case serves as a basis for discussing whether and when to divest and, particularly relevant for high-profile acquisitions by Chinese firms, the economic, strategic, political, and reputational risks of a "failure" abroad.