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SsangYong rescue deal collapses

SsangYong Tivoli
SsangYong's European sales grew by 15 percent to 11,130 in 2021. Among the cars it sells is the Tivoli snall SUV (shown).
PS
By:
Peter Sigal
March 29, 2022 11:33 AM

SsangYong Motor, the troubled South Korean SUV maker, said a deal for its acquisition had fallen through after the potential buyer, electric bus maker Edison Motors, had failed to pay the balance of 274.3 billion won ($224 million), according to news sources.

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