SsangYong sold for $255M to local consortium

Ssangyong — (KIM HONG-JI/REUTERS)

R

By:

Reuters

January 10, 2022 10:17 AM

A consortium led by South Korean electric carmaker Edison Motors has agreed to acquire debt-ridden SsangYong Motor for 305 billion won ($254.65 million), SsangYong Motor said on Monday.

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