Korean EV firm buys Ssangyong for £187 million

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Mon 10 Jan 2022 22:21
Korean EV firm buys Ssangyong for £187 million - Trilogy.

www.autocar.co.uk/car-news/business-finance-and-co...n

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Mon 10 Jan 2022 23:01
Korean EV firm buys Ssangyong for £187 million - sammy1

Good news for one member? Or is it!

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Tue 11 Jan 2022 03:12
Korean EV firm buys Ssangyong for £187 million - edlithgow

I havn't bought any car companies lately, but that sounds a bit cheap. Perhaps a distressed sale,

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Tue 11 Jan 2022 08:29
Korean EV firm buys Ssangyong for £187 million - RT

I havn't bought any car companies lately, but that sounds a bit cheap. Perhaps a distressed sale,

Yes it was a distressed sale - Ssangyong was bankrupt so the buyer get a cheap entry into a global car brand.

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Tue 11 Jan 2022 10:41
Korean EV firm buys Ssangyong for £187 million - _

SsangYong Korando - Decision made - Falkirk Bairn

SSangyong Korea have been rescued from bankruptcy by Edison a Korean bus builder. SSangyong had failed to meet a debt payment of $40m US IIRC

Posted by Falkirk Bairn 6th November 2020.

Thanks

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Tue 11 Jan 2022 12:26
Korean EV firm buys Ssangyong for £187 million - RT

SsangYong Korando - Decision made - Falkirk Bairn

SSangyong Korea have been rescued from bankruptcy by Edison a Korean bus builder. SSangyong had failed to meet a debt payment of $40m US IIRC

Posted by Falkirk Bairn 6th November 2020.

Thanks

The earlier news of the sale was provisional - it's only just been confirmed.

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Tue 11 Jan 2022 18:51
Korean EV firm buys Ssangyong for £187 million - Metropolis.
I hope they survive and thrive, I am quite fond of the brand for having stuck to proper body on frame construction for its flagship model. I just wish they would change the name, as shallow as that is.
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