![]() KoreaBizWire reports that three groups were interested in SsangYong including California-based INDI EV and a consortium led by Electrical Life Business and Technology (EL B&T). ![]() Assuming everything gets the okay, an agreement between SsangYong and the consortium could reportedly be finalized as early as next month.Īlso Read: SsangYong Files For Receivership After Missing Loan Payment The consortium will reportedly acquire SsangYong for around $260 (£188 / €223) million, pending court approval. It appears one has been found as Nikkei is reporting a consortium led by South Korea’s Edison Motors has been named the “preferred bidder.” ![]() With Mahindra no longer willing to give the brand a lifeline, there’s been an extensive search for a suitor. SsangYong has lived a troubled existence and the automaker filed for receivership after defaulting on a loan payment last year.
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