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SsangYong sold to Korean bus company, signs BYD electric-car deal

SsangYong has reportedly signed an acquisition deal with electric bus company Edison Motors, designed to save the company from bankruptcy and turn around its fortunes – with the help of China's BYD. ....

Soult Ukpyolsi , South Korea , United States , South Korean , Alex Misoyannis , Edison Motors , Edison Motors Led , Korea Herald ,

Edison Motors to acquire Ssangyong for US$ 260 million

Mahindra-owned South Korean carmaker Ssangyong Motors will be sold to Edison Motors, in a deal that is estimated to be worth about US$ 260 million.Earlier this week, Ssangyong confirmed that Edison Motors-led consortium, which includes a South Korean investment fund, was its preferred bidder. ....

South Korea , South Korean , Ssangyong Motors , Edison Motors , Edison Motors Led ,