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S Korea's SsangYong Motor sold for $254.6 million to local consortium
short by Ashley Paul / on Monday, 10 January, 2022
A consortium led by South Korean electric automaker Edison Motors has agreed to acquire SsangYong Motor for 305 billion won ($254.65 million), the latter said on Monday. This comes after SsangYong's sales fell to 84,496 units in 2021, about 21% lesser than its 2020 sales, as per a regulatory filing. Indian automaker Mahindra also owns about 75% stake in SsangYong.
read more at Moneycontrol