More, apparently it was true until recently.

http://www.*********.com/forums/showthread.php?t=10404

10-13-2016 #4
speedy300dturbo
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Re: Ssangyong E50 Engine

Quote Originally Posted by gerryvz View Post
I believe Ssangyong also kept production going of the M104 engine long after MB wound it up in the 1997-1998 time frame.

Correct. In fact, 3.2L and 3.6L versions of the M104 are still produced in Korea today. Here are the engine choices available on the current Ssangyong Chairman W - not to be confused with the older W124-based Chairman H, which was recently discontinued.