• SsangYong sold for $255M to consortium led by EV startup Edison Motors

    17 days ago - By High Gear Media

    Following a year-long search, struggling Korean automaker SsangYong has found a buyer. SsangYong on Monday named the buyer as a consortium led by fellow Korean automaker Edison Motors. The consortium has agreed to pay 305 billion won for Ssangyong, whose majority shareholder is India's Mahindra with a 75% stake. Edison...
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